Question

Calculate the opportunity cost if cliffordstan switched from producing combination c to producing b.

Answer 1

The opportunity cost of shifting from point C to D is 40 tons of oranges.

What is the formula for calculating opportunity cost?

Opportunity cost is the help you forego in choosing one duration of action over another. You can determine the opportunity cost of picking one investment option over another by using the following method: Opportunity Cost = Return on Most Profitable Investment Choice - Return on Investment Chosen to Pursue.  The law of increasing opportunity cost: As you increase the production of one good, the opportunity expense to produce the more goods will increase.

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