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 meat?
A) 
pound of vegetables
B) 
pounds of vegetables
C) 1.6 pounds of vegetables
D) 16 pounds of vegetables
Correct Answer:
Verified
Related Questions
Q6: The points outside the production possibilities frontier
Q10: The concept of opportunity cost is that
A)in
Q13: Figure 2-2 Q15: Scarcity
A)stems from the incompatibility between limited resources
