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Figure 2-12 Figure 2-12 Shows the Production Possibilities Frontiers

Question 232

Multiple Choice

Figure 2-12 Figure 2-12 Figure 2-12 shows the production possibilities frontiers for Tahiti and Bora Bora. Each country produces two goods, milk and honey. -Refer to Figure 2-12. What is the opportunity cost of producing one gallon of milk in Tahiti? A) 1/2 of a gallon of honey B) 5/6 of a gallon of honey C) 1.2 gallons of honey D) 1.5 gallons of honey Figure 2-12 shows the production possibilities frontiers for Tahiti and Bora Bora. Each country produces two goods, milk and honey.
-Refer to Figure 2-12. What is the opportunity cost of producing one gallon of milk in Tahiti?


A) 1/2 of a gallon of honey
B) 5/6 of a gallon of honey
C) 1.2 gallons of honey
D) 1.5 gallons of honey

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