Question
A production possibilities table for bananas and apples is shown below: Type of Production A B...
A production possibilities table for bananas and apples is shown below:
| Type of Production | A | B | C | D | E |
| Bananas (in pounds) | 0 | 20 | 40 | 60 | 80 |
| Apples (in pounds) | 100 | 75 | 50 | 25 | 0 |
A) Based on this information, what is the opportunity cost of a pound of apples?
B) What is the opportunity cost of a pound of bananas?
Homework Answers
Answer #1
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