The above values represent a PPF of production for one day's work. What is the opportunity cost of producing the first two pounds of beets

The values that the question is making reference to are these:

Carrots           Beets

(Pounds)        (Pounds)

0                     6

5                     4

10                    2

15                    0

What is the opportunity cost of producing the first two pounds of beets

The opportunity cost is what is given up to do something instead. In this case, the opporutnity cost is the amount of carrots that are not produced when choosing to produce beets instead.

As we can see from the table, if we produce 0 pounds of beets, we can produce 15 pounds of carrots. However, if we decide to produce the first 2 pounds of beets, we can only produce 10 pounds of carrots.

These 5 pounds of carrots that we cannot produce anymore, is the opportunity cost.

answer; operating revenues;