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Other Fields Homework Help Economics Topic started by: Loraine on Jun 20, 2015



Title: A country produces only apples and bananas. Moving from point A to point B along its production poss
Post by: Loraine on Jun 20, 2015
A country produces only apples and bananas. Moving from point A to point B along its production possibilities frontier, 5 apples are gained and 4 bananas are forgone. What is the opportunity cost of an apple?
A) 4 bananas
B) 5/4 of a banana
C) 4/5 of a banana
D) 1 apple
E) None of the above answers is correct.


Title: Re: A country produces only apples and bananas. Moving from point A to point B along its production
Post by: Chimelo46 on Aug 18, 2015
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Title: Re: A country produces only apples and bananas. Moving from point A to point B along its production poss
Post by: Chimelo46 on Aug 31, 2015
Glad to help you, and good luck with your course.