Question 11 pts
What is the opportunity cost of 1 ton of apples for the nations of Argentina and Brazil, respectively?
| 4 tons of oranges and 2 tons of oranges |
| 2.5 tons of oranges and .4 tons of oranges |
| .25 tons of oranges and .5 tons of oranges |
| 2 tons of oranges and 4 tons of oranges |
Homework Answers
Answer
The opportunity cost of a good= maximum production of other good
/maximum production of the good
The opportunity cost of Apple for Argentina=28/14=2 oranges
The opportunity cost of apple for Brazil =16/4=4 oranges
Option fourth
?
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Question 11 pts
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