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Other Fields Homework Help Economics Topic started by: Noar on Dec 4, 2022



Title: Scenario: Consider two economies, Beta and Zeta. Each farmer in Beta can grow 1,000 pounds of apples ...
Post by: Noar on Dec 4, 2022
Scenario: Consider two economies, Beta and Zeta. Each farmer in Beta can grow 1,000 pounds of apples or 500 pounds of oranges in a year. Each farmer in Zeta can grow 400 pounds of apples or 1,200 pounds of oranges in a year.


Refer to the scenario above. The opportunity cost of producing 1 pound of apples in Beta is ________.

▸ 15 pounds of oranges

▸ 10 pounds of oranges

▸ 2 pounds of oranges

▸ 0.5 pounds of oranges


Title: Scenario: Consider two economies, Beta and Zeta. Each farmer in Beta can grow 1,000 pounds of apples ...
Post by: doublekud on Dec 4, 2022
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