Refer to Table 2-2. What is the opportunity cost to Ecoville of increasing the production of socks from 600 to 900?

A) 400 glasses
B) 300 glasses
C) 200 glasses
D) 100 glasses

Question

Refer to Table 2-2. What is the opportunity cost to Ecoville of increasing the production of socks from 600 to 900?A) 400 glassesB) 300 glassesC) 200 glassesD) 100 glasses

Venus Burse · Accepted Answer

Final Answer : B, Explanation :  The opportunity cost of increasing sock production from 600 to 900 is the reduction in glasses production from 700 to 400, which is 300 glasses.

Refer to Table 2-2. What is the opportunity cost to Ecoville of increasing the production of socks from 600 to 900?

A) 400 glasses
B) 300 glasses
C) 200 glasses
D) 100 glasses

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