Refer to the table. Answer questions on the basis of the data given in the following table. Produc tion Possibili ties Table E 60 Products A D Avocados 20 24 40 Soybeans 15 10 5 If the economy is producing at production alternative C, the opportunity cost of one more avocados (or twenty fifth units of avocados) will be? 1) 1/2 units of soybeans. 2) 1/4 of a unit of soybeans. 3) 4 units of soybeans. 4) 2 units of soybeans.

Refer to the table. Answer questions on the basis of the data given in the following table. Produc tion Possibili ties Table E 60 Products A D Avocados 20 24 40 Soybeans 15 10 5 If the economy is producing at production alternative C, the opportunity cost of one more avocados (or twenty fifth units of avocados) will be? 1) 1/2 units of soybeans. 2) 1/4 of a unit of soybeans. 3) 4 units of soybeans. 4) 2 units of soybeans.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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