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mbowdish mbowdish
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5 years ago Edited: 5 years ago, bio_man

Question 1.

Figure 2-9



Figure 2-9 shows the production possibilities frontiers for Pakistan and Indonesia. Each country produces two goods, cotton and cashews.


Refer to Figure 2-9. What is the opportunity cost of producing 1 bolt of cotton in Pakistan?

• 3/8 of a pound of cashews

• 5/8 of a pound of cashews

• 1 3/5 pounds of cashews

• 150 pounds of cashews

Question 2.

Figure 2-9



Figure 2-9 shows the production possibilities frontiers for Pakistan and Indonesia. Each country produces two goods, cotton and cashews.


Refer to Figure 2-9. What is the opportunity cost of producing 1 bolt of cotton in Indonesia?

• 3/8 of a pound of cashews

• 5/8 of a pound of cashews

• 2 2/3 pounds of cashews

• 120 pounds of cashews
Textbook 
Microeconomics

Microeconomics


Edition: 7th
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WooWoo
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mbowdish Author
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