The opportunity cost of moving from point H to point G in the above picture is (specify amount and good, ie: 5009 guns) Guns,Guns AF45,00045,00030,000B30,000H15,00015,000|ButterButter5,000,00011,000,00015,000,00015,000,00010,000,00014,000,000

Opportunity cost refers to the benefit that is gone for other best alternative. Opportunity cost is…

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Economics

The opportunity cost of moving from point H to point G in the above picture is (specify amount and good, ie: 5009 guns)

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

The opportunity cost of moving from point H to point G in the above picture is (specify amount and good, ie: 5009 guns)

Guns,
Guns A
F
45,000
45,000
30,000
B
30,000
H
15,000
15,000
|Butter
Butter
5,000,000
11,000,000
15,000,000
15,000,000
10,000,000
14,000,000

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