Answered: efer to Exhibit 2-5. The opportunity…

efer to Exhibit 2-5. The opportunity cost of moving from point A to point B is approximately a. 5,000 fax machines. b. 10,000 fax machines. c. 5,000 televisions. d. 10,000 televisions.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

I think my answer is right. How would you read this graph?

Exhibit 2-5
70
60
50
30
10
20
30 40 50 60
Fax Machines (thousands per year)
Refer to Exhibit 2-5. The opportunity cost of moving from point A to point B is approximately
O a. 5,000 fax machines.
O b. 10,000 fax machines.
O c. 5,000 televisions.
d. 10,000 televisions.
Television Sets (thousands per year)

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