Multiple Choice
The figure above shows the production possibilities frontier for a country. The opportunity cost of a gallon of milk between combination point A and B is
A) 3 gallons of ice cream for a gallon of milk.
B) 1/3 of a gallon of ice cream for a gallon of milk.
C) 4 gallons of ice cream for a gallon of milk.
D) 1 gallon of ice cream for a gallon of milk.
E) zero because at point A zero milk is being produced.
Correct Answer:

Verified
Correct Answer:
Verified
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