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Title: Assume a society can produce either olives or grapes. If the marginal rate of transformation of ... Post by: BenAff on Apr 27, 2019 Question 1. Assume a society can produce either olives or grapes. If the marginal rate of transformation of bushels of olives into bushels of grapes is 0.2, then the opportunity cost of grapes is ▸ the 5 bushels of olives that must be forgone. ▸ the 5 bushels of grapes that must be forgone. ▸ the 0.2 bushels of olives that must be forgone. ▸ the additional 0.2 gallons of olives that can be produced. Question 2. Assume a society can produce either olives or grapes. If the marginal rate of transformation of bushels of olives into bushels of grapes is 0.2, then the opportunity cost of olives is ▸ the 5 bushels of olives that must be forgone. ▸ the 5 bushels of grapes that must be forgone. ▸ the 0.2 bushels of olives that must be forgone. ▸ the additional 0.2 gallons of olives that can be produced. Title: Assume a society can produce either olives or grapes. If the marginal rate of transformation of ... Post by: jackjohnson74 on Apr 27, 2019 Content hidden
Title: Assume a society can produce either olives or grapes. If the marginal rate of transformation of ... Post by: BenAff on Apr 27, 2019 Thanks for your help!
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