Scenario: Consider two economies, Beta and Zeta. Each farmer in Beta can grow 1,000 pounds of apples or 500 pounds of oranges in a year. Each farmer in Zeta can grow 400 pounds of apples or 1,200 pounds of oranges in a year.
-Refer to the scenario above.The opportunity cost of producing 1 pound of apples in Zeta is ________.
A) 0.67 pounds of oranges
B) 1.5 pounds of oranges
C) 2 pounds of oranges
D) 3 pounds of oranges
Correct Answer:
Verified
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