At One Point Along a PPF, 50 Tons of Coffee

question 7

Multiple Choice

At one point along a PPF, 50 tons of coffee and 100 tons of bananas are produced. At another point along the same PPF, 30 tons of coffee and 140 tons of bananas are produced. The opportunity cost of a ton of coffee between these points is

• A) 7/5 of a ton of bananas per ton of coffee.
• B) 5/7 of a ton of bananas per ton of coffee.
• C) 2 tons of bananas per ton of coffee.
• D) 1/2 of a ton of bananas per ton of coffee.

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Definitions:

Supermarket Chains

Large retail organizations made up of a number of branches or stores that sell groceries and other goods, often under a common brand.

Call-in Poll

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A numerical measurement describing some aspect of a sample of data, often used in inferential statistics.