Multiple Choice
Figure 1-7 shows the production possibilities boundary for an economy that produces two goods-cotton and bananas. FIGURE 1-7 Refer to Figure 1-7.A production possibilities boundary is shown for an economy that produces two goods-cotton and bananas,both measured in tonnes produced per year.If the economy moves from point C to point D,what is the opportunity cost of each extra tonne of bananas produced?
A) 0.36 tonnes of cotton
B) 3.6 tonnes of cotton
C) 3.75 tonnes of cotton
D) 36 tonnes of cotton
E) 375 tonnes of cotton
Correct Answer:

Verified
Correct Answer:
Verified
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