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jccruz jccruz
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2 months ago
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 oranges in Beta is ________.

▸ 1 pound of apples

▸ 5 pounds of apples

▸ 2 pounds of apples

▸ 0.5 pounds of apples
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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sbbaltsbbalt
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2 months ago
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2 pounds of apples

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jccruz Author
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2 months ago
You make an excellent tutor!
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Brilliant
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Thanks
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