Solved

Refer to the Figure Mutually Beneficial Trade I

Question 44

Multiple Choice

Refer to the figure Mutually Beneficial Trade I. The figure shows the production possibility frontier (PPF) and consumption possibility frontier (CPF) for baseball bats and bobblehead dolls in Stewarton and Colberton. Based on the figure, the opportunity cost of producing bats in Stewarton is:

Figure: Mutually Beneficial Trade I
Refer to the figure Mutually Beneficial Trade I. The figure shows the production possibility frontier (PPF)  and consumption possibility frontier (CPF)  for baseball bats and bobblehead dolls in Stewarton and Colberton. Based on the figure, the opportunity cost of producing bats in Stewarton is: ​ Figure: Mutually Beneficial Trade I   A)  one doll. B)  two dolls. C)  one-half doll. D)  one-quarter doll.


A) one doll.
B) two dolls.
C) one-half doll.
D) one-quarter doll.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents