Multiple Choice
Exhibit 19-1
Exhibit 19-1 shows the production possibilities frontiers for the countries of Lambda and Beta for fish and coconuts.What is the opportunity cost of a fish in Beta?
A) 1/2 coconut
B) 1 coconut
C) 2 coconut
D) 21/2 coconut
E) cannot tell from the information provided
Correct Answer:
Verified
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