Assume Toys Are Produced Using Only Labor and Wood

Multiple Choice

Assume toys are produced using only labor and wood.Which of the following best describes the cost of producing toys?

A) The number of dollars that the laborer spends to purchase the wood.
B) The amounts of labor and wood used in the production process.
C) The alternative uses that could be found for the labor and wood.
D) The monetary value of the labor and wood used.