A Country Produces Only Apples and Bananas

question 63

Multiple Choice

A country produces only apples and bananas.Moving from point A to point B along its production possibilities frontier,5 apples are forgone and 4 bananas are gained.What is the opportunity cost of a banana?

• A) 4 apples
• B) 5/4 of an apple
• C) 4/5 of an apple
• D) 1 banana
• E) None of the above answers is correct.

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Definitions:

Taper Ratio

The ratio indicating the change in diameter of a tapered object over its length, commonly used in engineering to specify conical elements.

Conical Taper

The gradual reduction or increase in diameter from one end of a cylindrical object to the other, forming a cone-like shape.

Shims

Thin pieces of material used to fill small gaps or spaces between objects, often for adjustment, leveling, or support purposes.

Dowels

Small, cylindrical rods inserted into a hole to either join parts together or to provide a location and alignment.