What happens to the opportunity cost of purchasing a wedge


Problem

Suppose a wedge of cheese is $10, and a loaf of bread is $5. What is the opportunity cost of purchasing a wedge of cheese (in terms of bread)? Explain what happens to the opportunity cost of purchasing a wedge of cheese (in terms of bread) if your income decreases by 20 percent.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What happens to the opportunity cost of purchasing a wedge
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