Question

Which of the following could be considered an example of the opportunity cost of producing one more unit of product x?

A. The amount of money paid at the store for product x.
B. The amount of the money the store owner paid to buy product x.
C. The profit made from selling product x.
D. All the human and capital resources used to produce all of the product x.
E. The additional amount of product y that can’t be produced because more of product x is being produced


**not sure, but would it be B? :/

Answer 1

Let's say you have 2 choices A or B. You can only choose EXACTLY ONE choice.

If you pick A, then you give up B
If you pick B, you give up A

Whatever you give up is the opportunity cost.

Answer 2

ohhh so would it be E ?

Answer 3

@jim_thompson5910 :)

Answer 4

correct

Answer 5

ahh yay! :) Thank you!! :D

Answer 6

ahh yay! :) Thank you!! :D