Please answer correct calculation plz asapDon't answer by pen paper plz Exhibit 2-2 Production possibilities curveCorn(millions)of bushels)108 -642-01D1B--+---23Coffee(millions of bushels)O454In Exhibit 2-2, the opportunity cost of coffee when moving from A to B is:a.8 million bushels of corn.Ob. 14 million bushels of corn.c. 6 million bushels of corn.O d. 2 million bushels of corn.

Opportunity cost is the cost of giving up the next best option in order to pursue a certain course…

Exhibit 2-2 Production possibilities curve Corn (millions of bushels) 10 8 6 4 2 0 1 1 T 1 1 1 1--1 ·1▬▬+−1- 1 E B 3 Coffee (millions of bushels) 2 4 5 4 In Exhibit 2-2, the opportunity cost of coffee when moving from A to B is: Oa.8 million bushels of corn.

Exhibit 2-2 Production possibilities curve Corn (millions of bushels) 10 8 6 4 2 0 1 1 T 1 1 1 1--1 ·1▬▬+−1- 1 E B 3 Coffee (millions of bushels) 2 4 5 4 In Exhibit 2-2, the opportunity cost of coffee when moving from A to B is: Oa.8 million bushels of corn.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Opportunity Cost Analysis

Opportunity cost refers to the loss of potential benefits when choosing one alternative over another. It is the tradeoff a person makes, or the potential gains they miss out on, because of their choice. To analyze opportunity cost, we must consider the benefits and tradeoffs of each available option.

Question

Please answer correct calculation plz asap

Don't answer by pen paper plz

Exhibit 2-2 Production possibilities curve
Corn
(millions)
of bushels)
10
8 -
6
4
2-
0
1
D
1
B
--+---
2
3
Coffee
(millions of bushels)
O
4
5
4
In Exhibit 2-2, the opportunity cost of coffee when moving from A to B is:
a.8 million bushels of corn.
Ob. 14 million bushels of corn.
c. 6 million bushels of corn.
O d. 2 million bushels of corn.

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