Multiple Choice
-
Huey and Steve can grow potatoes or tomatoes. The table above shows the pounds of potatoes and tomatoes Huey and Steve can grow in a week. Based on the table, Huey's opportunity cost of producing one pound of tomatoes is
A) 0.66 pound of potatoes.
B) 0, because he has an absolute advantage in it.
C) 1.0 pound of potatoes.
D) 1.5 pounds of potatoes.
E) 0, because he has a comparative advantage in it.
Correct Answer:

Verified
Correct Answer:
Verified
Q79: <span class="ql-formula" data-value="\begin{array} { c c c
Q80: Moving between two points on a PPF,
Q81: Once you find the opportunity cost of
Q82: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" Deb and Pete
Q83: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" - The figure
Q85: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" - The figure
Q86: Points on the PPF are all<br>A)inefficient.<br>B)production efficient.<br>C)free
Q87: Consider a production possibility frontier with jeans
Q88: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" The figure
Q89: When a person has a comparative advantage