Consider the PPF for milk and corn in the graph. If currently no corn is being produced, what is the total opportunity cost of producing another 2 bushels of corn?
A) 4 gallons of milk
B) nothing
C) 2 bushels of corn
D) 1 gallon of milk
Answer: D
Consider the PPF for milk and corn in the graph. If currently no corn is being produced, what is the total opportunity cost of producing another 2 bushels of corn?
A) 4 gallons of milk
B) nothing
C) 2 bushels of corn
D) 1 gallon of milk
Answer: D