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