What is the opportunity cost of a pound of bananas

Reference no: EM133711925

Question: A production possibilities table for bananas and apples is shown below: Type of Production Production Alternatives A B C D E Bananas (pounds) 0 20 40 60 80 Apples (pounds) 100 75 50 25 0 a. Show these data graphically. Instructions: Use the tool provided 'PPC' to draw a PPC curve (plot 5 points total). Instructions: In part c, round your answers to 2 decimal places. b. Does the economy above demonstrate the law of increasing opportunity cost? Yes c. Based on this information, what is the opportunity cost of a pound of apples? 3.75 pound(s) of bananas What is the opportunity cost of a pound of bananas?

Reference no: EM133711925

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