-Refer to above figure to answer this question.What is the opportunity cost of producing 1 apple in Harmony and in Tranquility?

Question

Quizplus · Accepted Answer

The opportunity cost of producing something is what you give up to produce it. In this case, for Harmony, if they produce 1 apple, they give up the opportunity to produce 1/2 a pear (since the trade-off is typically linear in these examples). For Tranquility, producing 1 apple means giving up the opportunity to produce 1/3 of a pear, assuming a similar linear trade-off.

-Refer to Above Figure to Answer This Question