Figure 18.2
-Refer to Figure 18.2. The opportunity cost of producing cheese in Pizzaland is:

Name: Figure 18.2 -Refer to Figure 18.2. The opportunity cost of producing cheese in Pizzaland is:
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Question

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The opportunity cost of producing cheese in Pizzaland is calculated by determining how many tomatoes must be given up to produce one unit of cheese. If the opportunity cost is 0.4 tomato, it means that for every unit of cheese produced, 0.4 of a tomato is foregone.

Figure 18.2 -Refer to Figure 18.2. the Opportunity Cost of Producing Cheese