-Refer to Above Figure to Answer This Question

question 153

Multiple Choice

-Refer to above figure to answer this question.What is the opportunity cost of producing 1 apple in Harmony and in Tranquility?

• A)2 pears in Harmony and 3 pears in Tranquility.
• B)1/2 pear in Harmony and 1/3 pear in Tranquility.
• C)2 pears in Harmony and 1/3 pear in Tranquility.
• D)1/2 pear in Harmony and 3 pears in Tranquility.
• E)3 pears in Harmony and 2 pears in Tranquility.

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Definitions:

Altered

Changed, modified, or adjusted from the original state or form.

Green Grocer

A retailer specializing in the sale of fresh produce, including fruits and vegetables.

Failure of Consideration

A situation where the promised performance in a contract is not fulfilled, making the contract voidable.

Breach of Contract

The failure to fulfill the terms or obligations outlined in a contract.