Question

Apple trees need bees to fertilize their flowers to make apples. Bees need the pollen from...

Apple trees need bees to fertilize their flowers to make apples. Bees need the pollen from apple blossoms to make honey. What is the opportunity cost of the apples?

a. The apples are a free good produced with the honey

b. The cost of the honey

c. The rent of the land

d. The water needed to irrigate the wheat

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Answer #1

ANSWER:

The opportuinty cost means the benefit which an individual misses out while one altrnative over the other.

for example: a person has two options to do at a same time one is watching movie and another is going at work so if a person chooses to go at work the benefit which the person misses out is watching movie so here opportunity cost of going to work is watching movie.

In the above question given Apple trees need bees to fertilize their flowers to make apples. Bees need the pollen from apple blossoms to make honey. So, if apples will not be produced the bees will not be able to make money.

Hence, The opportunity cost of apple is (b) The cost of honey. As benefit of honey will not be received if there no apples will be produced.

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