Multiple Choice
Figure 2-2
Figure 2-2 above shows the production possibilities frontier for Mendonca, an agrarian nation that produces two goods, meat and vegetables.
-Refer to Figure 2-2. What is the opportunity cost of one pound of vegetables?
A)
pound of meat
B) 1.2 pounds of meat
C)
pounds of meat
D) 12 pounds of meat
Correct Answer:
Verified
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