Justin's farm can produce 5 pounds of apples or 17 pounds of pears in one hour. Samantha's farm can produce 6 pounds of apples or 23 pounds of pears in one hour. What is Justin's opportunity cost of producing 1 pound of pears? Round your answer to one decimal place. Be sure to enter the correct units for what they are giving up.

Justin's farm can produce 5 pounds of apples or 17 pounds of pears in one hour. Samantha's farm can produce 6 pounds of apples or 23 pounds of pears in one hour. What is Justin's opportunity cost of producing 1 pound of pears? Round your answer to one decimal place. Be sure to enter the correct units for what they are giving up.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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