Question

Based on ppc, if a country is producing 6 coconuts and 4 fish, and they want to increase coconut production to 8. What is the opportunity cost of doing so?

A. 2 fish
B. 2 coconuts
C. 4 fish
D. 4 coconuts

Answer 1

The opportunity cost of making this decision is 4 fish.

What is opportunity cost?

Opportunity cost is a term to refer to the cost of the alternative that we give up when we make a certain decision, including the benefits that we could have obtained by choosing the alternative option.

Based on the above, we can infer that the opportunity cost of this country is 4 fish because it is going to give up its current production alternative of 6 coconuts and 4 fish to switch to one with 8 coconuts and 2 fish.

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