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What is the opportunity cost of producing 1 pound of bananas

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Oscar and Julia can both produce either bananas or coffee. Oscar can produce either 16 pounds of coffee and 0 pounds of bananas or 64 pounds of bananas and 0 pounds of coffee.

Julia can produce either 20 pounds of coffee and 0 pounds of bananas or 40 pounds of bananas and 0 pounds of coffee.

For Oscar, what is the opportunity cost of producing 1 pound of bananas . Enter your answer in decimals and round it off to two decimal places.

Reference no: EM132617922

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