This Graph Describes the Production Possibilities on the Island of Genovia

question 14

Multiple Choice

This graph describes the production possibilities on the island of Genovia:
The opportunity cost of producing one ton of agricultural products in Genovia is:

• A) 1,000 cars.
• B) 1 car.
• C) 1/5 of a car.
• D) 1/50 of a car.

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