Food (tons) 1 000 900 750 A B C 550 300 0 1 2 3 E F 4 5 Guns (millions) At what point is the opportunity cost of one (ton) of food the highest? (Hint: look at the slope at each point) OA OB Oc OD OE OF
Food (tons) 1 000 900 750 A B C 550 300 0 1 2 3 E F 4 5 Guns (millions) At what point is the opportunity cost of one (ton) of food the highest? (Hint: look at the slope at each point) OA OB Oc OD OE OF
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Food (tons)
1 000
900
750
A
B
C
550
300
0
1
2
3
E
F
4
5
Guns (millions)
At what point is the opportunity cost of one (ton) of food the highest?
(Hint: look at the slope at each point)
OA
OB
Oc
OD
OE
OF
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