Using All Available Resources, If a Farmer Can Produce Either

question 154

Multiple Choice

Using all available resources, if a farmer can produce either 65 cantaloupes or 70 watermelons, what is the opportunity cost of 1 cantaloupe to the farmer?

• A) 0.82 watermelons
• B) 1.08 watermelons
• C) 1.50 watermelons
• D) 2.00 watermelons

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