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Home Q & A Board Other Fields Homework Help Business Economics
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gisellerol gisellerol
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A year 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

Macroeconomics


Edition: 3rd
Authors:
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denitra31denitra31
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A year ago
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gisellerol Author
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A year ago
Good timing, thanks!
Harvinder
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Yesterday
Brilliant ツ
Jadakiss
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2 hours ago
Just got PERFECT on my quiz
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