Suppose One Unit of Labour Can Produce Either 5 Wool

question 34

Multiple Choice

Suppose one unit of labour can produce either 5 wool sweaters or 2 pineapples.What is the opportunity cost of producing one wool sweater?

• A)5 pineapples
• B)2 pineapples
• C)2/5 of a pineapple
• D)5/2 pineapples
• E)zero pineapples