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simmiie259 simmiie259
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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 apples in Zeta is ________.

▸ 2 pounds of oranges

▸ 3 pounds of oranges

▸ 1.5 pounds of oranges

▸ 0.67 pounds of oranges
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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kayekalicokayekalico
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2 months ago
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3 pounds of oranges

1

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simmiie259 Author
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2 months ago
Thanks for your help!!
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Just got PERFECT on my quiz
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Brilliant
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