Solved

(Table: Econoland and Macroland Annual Production Capacity in Tons) Based

Question 233

Multiple Choice

(Table: Econoland and Macroland Annual Production Capacity in Tons) Based on the table, which statement correctly identifies opportunity costs? (Table: Econoland and Macroland Annual Production Capacity in Tons)  Based on the table, which statement correctly identifies opportunity costs?   A)  Econoland's opportunity cost for producing oranges is 0.556% of Macroland's. B)  Econoland's opportunity cost for producing cabbages is 1.6 tons of oranges. C)  Marcoland opportunity cost for producing cabbages is 0.625% of Econoland's. D)  Macroland's opportunity cost for producing oranges is 1.11 tons of cabbages.


A) Econoland's opportunity cost for producing oranges is 0.556% of Macroland's.
B) Econoland's opportunity cost for producing cabbages is 1.6 tons of oranges.
C) Marcoland opportunity cost for producing cabbages is 0.625% of Econoland's.
D) Macroland's opportunity cost for producing oranges is 1.11 tons of cabbages.

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