Question

A company that produces gold-plated baseballs and baseball bats only makes a total of 25 items per year, in any combination. Which point on the graph indicates that the company is making an equal number of baseballs and bats? A B C No point.

Answer 1

The opportunity cost for the gain or loss in an activity has been identified by engaging in that task and offering the benefit or return value to the task.

What does the graph represent?

• In supply and demand, an equilibrium point is defined as the quantity demanded is equal to the quantity supplied.

• In the graph given, the point where quantity for the baseball produced is equal to the baseball produced is B.

Thus, the B point represents the number of balls and bats produced and supplied are equal.

Learn more about opportunity costs here:

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