Opportunity Cost and Marginal Cost

In scenario E, on average, how many rabbits have been caught per day?

• 3 rabbits

• 1 rabbit

• 2 rabbits

• 4 rabbits

In scenario E, on average, how many berries have been gathered per day?

• 200 berries

• 280 berries

• 320 berries

• 250 berries

What is the opportunity cost of catching 1 more rabbit in scenario E?

• 20 berries

• 40 berries

• 50 berries

• 30 berries

What is the technical term for the cost of producing 1 more unit in this context?

• Opportunity cost

• Marginal cost

• Variable cost

• Fixed cost

If the opportunity cost of 20 more berries in scenario E is 1 rabbit, what is the marginal cost of 1 more berry?

• 1/10 of a rabbit

• 1/15 of a rabbit

• 1/20 of a rabbit

• 1/25 of a rabbit

What does PPF stand for in the context of this video?

• Possible Production Frontier

• Production Possibilities Frontier

• Productive Possibilities Framework

• Potential Productive Function

What is the opportunity cost of 1 more rabbit in scenario B?

• 60 berries

• 50 berries

• 40 berries

• 30 berries

If you want to increase your berries by 30 in scenario B, what is the opportunity cost in terms of rabbits?

• 1 rabbit

• 1.5 rabbits

• 2 rabbits

• 2.5 rabbits

What is the marginal cost of an extra berry in scenario B?

• 1/15 of a rabbit

• 1/20 of a rabbit

• 1/25 of a rabbit

• 1/30 of a rabbit

What is the opportunity cost of 1 more rabbit in scenario D?

• 30 berries

• 50 berries

• 20 berries

• 40 berries