Consider two points on the PPF: point A, at which there are 50 apples and 40 pears, and point B, at which there are 46 apples an

Question

3 years ago

13

d 41 pears. If the
economy is currently at point A, the opportunity cost of moving to point B is_________--

1 answer:

Fittoniya [83] · Answer 1 · 2022-01-18T04:46:19+03:00

Answer:

4 apples

Explanation:

Given that

Point A = 50 apples and 40 pears

Point B = 46 apples and 41 pears

These points are located on the PPF at which various combinations of products are displayed by available resources and technologies.

So, the opportunity cost of moving from Point A to Point B would be 4 apples which is shown below:

= Point A apples - Point B apples

= 50 apples - 46 apples

= 4 apples