Refer to the Above Figure

question 251

Multiple Choice

Refer to the above figure. Between points f and g, the opportunity cost of producing 75 more bushels of wheat is

• A) 1 bushel of beans.
• B) 4 bushels of beans.
• C) 25 bushels of beans.
• D) 100 bushels of beans.

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Definitions:

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.