According to the following graph, the opportunity cost of moving from point C to point B is ___.

Question

BlackTom AI · Accepted Answer

First, let's identify what the question is asking: the opportunity cost of moving from point C to point B on the graph, which involves both hay (x-axis) and milk (y-axis).
Option by option analysis helps ensure we understand what is being weighed against what:

- Option: 100 bales of hay
  This would imply that the cost is measured in hay in order to gain something else. However, moving from C to B, the x-coordinate increases from C to B (more hay), not decreases. The opportunity cost should be expressed in terms of the foregone good (milk), not the gained good (hay). Therefore, this option misstates the direction of the trade-off.

- Option: 300 gallons of milk
  If this were the opportunity cost, it would mean we forgo 300 gallons of milk to gain the extra hay when moving from C to B. But reading the graph, the decrease in milk when moving from C to B does not reach as high as 300 gallons; the drop is smaller. Thus this option overstates the milk forgone.

- Option: zero
  Zero would imply there is no trade-off in milk for moving from C to B, which contradicts the downward movement along the milk axis as we move to more hay. The graph shows a clear reduction in milk from C to B, so the opportunity cost cannot be zero.

- Option: 200 gallons of milk
  This option aligns with the visual change on the graph: as we move from C to B, milk output decreases by a certain amount (the vertical drop). If the coordinates indicate an approximate drop of 200 gallons in milk when increasing hay from C to B, then the opportunity cost—the amount of milk forgone to obtain the additional hay—would be 200 gallons. In PPC terms, the opportunity cost is the amount of the other good you sacrifice when you obtain more of one good, which matches this option.

Summarizing the logic: the opportunity cost is the amount of milk you give up to move from C to B. Since the movement to B requires sacrificing approximately 200 gallons of milk to gain 100 more bales of hay, the option corresponding to 200 gallons of milk accurately represents the trade-off.

ECON 2002.01 AU2025 (21333) Final Exam- Requires Respondus LockDown Browser

According to the following graph, the opportunity cost of moving from point C to point B is ___.

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ECON 2002.01 AU2025 (21333) Final Exam- Requires Respondus LockDown Browser

According to the following graph, the opportunity cost of moving from point C to point B is ___.

查看解析

登录即可查看完整答案

类似问题

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The "Broken Window Fallacy" argues that destruction can actually help the economy.

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The following PPF best represents _; in this case, _.