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Refer to the Figure Mutually Beneficial Trade I

Question 45

Multiple Choice

Refer to the figure Mutually Beneficial Trade I. The figure shows the production possibility frontier (PPF) and consumption possibility frontier (CPF) for baseball bats and bobblehead dolls in Stewarton and Colberton. Based on the figure, the opportunity cost of producing one doll in Colberton is:

Figure: Mutually Beneficial Trade I
Refer to the figure Mutually Beneficial Trade I. The figure shows the production possibility frontier (PPF)  and consumption possibility frontier (CPF)  for baseball bats and bobblehead dolls in Stewarton and Colberton. Based on the figure, the opportunity cost of producing one doll in Colberton is: ​ Figure: Mutually Beneficial Trade I   A)  one baseball bat. B)  two baseball bats. C)  one-half baseball bat. D)  one-quarter baseball bat.


A) one baseball bat.
B) two baseball bats.
C) one-half baseball bat.
D) one-quarter baseball bat.

Correct Answer:

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