Scenario: Consider Two Economies, Beta and Zeta

question 158

Multiple Choice

Scenario: Consider two economies, Beta and Zeta. Each farmer in Beta can grow 1,000 pounds of apples or 500 pounds of oranges in a year. Each farmer in Zeta can grow 400 pounds of apples or 1,200 pounds of oranges in a year.
-Refer to the scenario above.The opportunity cost of producing 1 pound of oranges in Beta is ________.

• A) 5 pounds of apples
• B) 2 pounds of apples
• C) 1 pound of apples
• D) 0.5 pounds of apples