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 oranges in Zeta is ________.
A) 0.33 pounds of apples
B) 0.5 pounds of apples
C) 1 pound of apples
D) 2 pounds of apples
Correct Answer:
Verified
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