Consider the Production Possibilities Frontier Displayed in the Figure Shown

question 39

Multiple Choice

Consider the production possibilities frontier displayed in the figure shown. The opportunity cost of a bushel of apples is:

• A) 3/20 watermelons.
• B) 1/20 watermelons.
• C) 1/40 watermelons.
• D) 1/30 watermelons.

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Definitions:

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