Please answer correct calculation plz asapDon't answer by pen paper plz Exhibit 2-2 Production possibilities curveCorn(millions)of bushels)108 -642-01D1B--+---23Coffee(millions of bushels)O454In Exhibit 2-2, the opportunity cost of coffee when moving from A to B is:a.8 million bushels of corn.Ob. 14 million bushels of corn.c. 6 million bushels of corn.O d. 2 million bushels of corn.

Opportunity cost is the cost of giving up the next best option in order to pursue a certain course…

Exhibit 2-2 Production possibilities curve Corn (millions of bushels) 10 8 6 4 2 0 1 1 T 1 1 1 1--1 ·1▬▬+−1- 1 E B 3 Coffee (millions of bushels) 2 4 5 4 In Exhibit 2-2, the opportunity cost of coffee when moving from A to B is: Oa.8 million bushels of corn.

Exhibit 2-2 Production possibilities curve Corn (millions of bushels) 10 8 6 4 2 0 1 1 T 1 1 1 1--1 ·1▬▬+−1- 1 E B 3 Coffee (millions of bushels) 2 4 5 4 In Exhibit 2-2, the opportunity cost of coffee when moving from A to B is: Oa.8 million bushels of corn.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 13RQ: Explain why societies cannot make a choice above their production possibilities frontier and should...

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Concept explainers

Opportunity Cost Analysis

Opportunity cost refers to the loss of potential benefits when choosing one alternative over another. It is the tradeoff a person makes, or the potential gains they miss out on, because of their choice. To analyze opportunity cost, we must consider the benefits and tradeoffs of each available option.

Question

Please answer correct calculation plz asap

Don't answer by pen paper plz

Exhibit 2-2 Production possibilities curve
Corn
(millions)
of bushels)
10
8 -
6
4
2-
0
1
D
1
B
--+---
2
3
Coffee
(millions of bushels)
O
4
5
4
In Exhibit 2-2, the opportunity cost of coffee when moving from A to B is:
a.8 million bushels of corn.
Ob. 14 million bushels of corn.
c. 6 million bushels of corn.
O d. 2 million bushels of corn.

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