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barmour44 barmour44
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5 years ago Edited: 5 years ago, bio_man

Question 1.

Figure 2-8



Figure 2-8 above shows the production possibilities frontier for Vidalia, a nation that produces two goods, roses and orchids.


Refer to Figure 2-8. What is the opportunity cost of 80 dozen orchids?

• 0 roses

• 2.5 dozen roses

• 40 dozen roses

• 200 dozen roses

Question 2.

Figure 2-8



Figure 2-8 above shows the production possibilities frontier for Vidalia, a nation that produces two goods, roses and orchids.


Refer to Figure 2-8. What is the opportunity cost of 100 dozen roses?

• 0.8 dozen orchids

• 5 dozen orchids

• 40 dozen orchids

• 80 dozen orchids
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Microeconomics

Microeconomics


Edition: 7th
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wasanwasan
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barmour44 Author
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5 years ago
Helps a lot... Now I'm ready for my quiz
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