Refer to Figure 6.1. Along budget constraint AC, the opportunity cost of one hamburger

A) is 1/4 of a hot dog.
B) is 1/2 of a hot dog.
C) is 2 hot dogs.
D) changes as you move down along the budget constraint.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision.

Hamburger

A ground meat patty, often beef, served between two slices of bread or a bun, commonly accompanied by condiments and toppings.

Hot Dog

A cooked sausage, traditionally grilled or steamed, usually served in a sliced bun as a sandwich.