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Suppose One Unit of Labour Can Produce Either 5 Wool

Question 34

Multiple Choice

Suppose one unit of labour can produce either 5 wool sweaters or 2 pineapples.What is the opportunity cost of producing one wool sweater?

A) 5 pineapples
B) 2 pineapples
C) 2/5 of a pineapple
D) 5/2 pineapples
E) zero pineapples

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