Mathematics, 07.10.2019 19:20 pleasehelpme666
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 one 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
Answers: 1
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