The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods cars and food.
Figure 2.4
-Refer to Figure 2.4.What would be the marginal opportunity cost of producing one unit of food in Korea assuming the economy is at point B?
A) Two and a half cars
B) One and a half car
C) Two cars
D) Half a car
E) Three cars
Correct Answer:
Verified
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