The figure below shows the production-possibility curves for Canada (AB) and the rest of the world (CD). The opportunity cost of producing one liter of maple syrup in Canada and in the rest of the world are bushels and bushels of corn, respectively.

A. 7/9; 1/2
B. 9/7; two
C. 7/9; two
D. 9/7; 1/2

Answer: C

Economics

Interruptible service pricing is very different from peak-load pricing

Indicate whether the statement is true or false

View

Economics

The rule of reason would have not found a well-behaved, but gigantic, firm to be in violation of the antitrust laws

a. True b. False Indicate whether the statement is true or false

View

Economics

The figure below shows the production-possibility curves for Canada (AB) and the rest of the world (CD). The opportunity cost of producing one liter of maple syrup in Canada and in the rest of the world are ________ bushels and ________ bushels of corn, respectively.