

Understanding Opportunity Cost Concepts
Interactive Video
•
Business
•
9th - 10th Grade
•
Practice Problem
•
Hard
Thomas White
FREE Resource
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15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main concept introduced in the video?
Supply and demand
Opportunity cost
Price elasticity
Market equilibrium
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two products discussed in the opportunity cost table?
Pillows and linen sheets
Linen sheets and towels
Towels and blankets
Pillows and blankets
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the opportunity cost at Point A?
Zero
One
Two
Three
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the opportunity cost zero at Point A?
Because the production is at maximum capacity
Because no pillows are produced
Because no linen sheets are produced
Because both products are produced equally
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When moving from Point A to Point B, how many pillows are sacrificed?
Zero
One
Two
Three
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the change in linen sheet production from Point A to Point B?
From 1 to 2
From 0 to 2
From 1 to 3
From 0 to 1
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the opportunity cost when increasing linen sheets from 1 to 2 units?
Two pillows
Five pillows
Three pillows
Seven pillows
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