Multiple Choice
A country produces only apples and bananas. Moving from point A to point B along its production possibilities frontier, 5 apples are forgone and 4 bananas are gained. What is the opportunity cost of a banana?
A) 1 banana
B) 4 apples
C) 4/5 of an apple
D) 5/4 of an apple
E) None of the above answers is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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