Alpha can produce either 18 tons of oranges or 9 tons of apples in a year, while Omega can produce either 16 tons of oranges or 4 tons of apples. The opportunity costs of producing 1 ton of oranges for Alpha and Omega, respectively, are:
a. 0.25 tons of apples; 0.5 tons of apples.
b. 9 tons of apples; 4 tons of apples
c. 2 tons of apples; 4 tons of apples.
d. 0.5 tons of apples; 0.25 tons of apples.
d
Economics
You might also like to view...
Since there are no close substitutes for the monopoly's product, the monopoly can charge any price it wishes
Indicate whether the statement is true or false
Economics
The money demand curve indicates the total quantity of money demanded in the economy at each
a. price level b. level of GDP c. quantity of money supplied d. level of income e. interest rate
Economics