On a Production Possibilities Frontier,500 Pounds of Apples and 1,200

question 70

Multiple Choice

On a production possibilities frontier,500 pounds of apples and 1,200 pounds of bananas can be produced while at another point on the same frontier,300 pounds of apples and 1,300 pounds of bananas can be produced.Between these points,what is the opportunity cost of producing a pound of apples?

• A) 2 pounds of bananas
• B) 100 pounds of bananas
• C) 2 pounds of apples
• D) 0.5 of a pound of bananas
• E) 5/12 of a pound of bananas

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Definitions:

Material well-being

The state of having sufficient material resources and wealth to lead a comfortable life, encompassing factors like income, assets, and access to goods.

Global warming

The gradual increase in Earth's average surface temperature, primarily due to the emissions of greenhouse gases from human activities.

Adaptation

The process of modifying to meet new, changing, or different conditions.