Multiple Choice
Graph 3-1
These figures illustrate the production possibilities frontiers for Robinson Crusoe and Friday with 12 hours of labour.
-Refer to Graph 3-1. For Robinson Crusoe, the opportunity cost of 1 kg of fish is:
A) 2 kg of coconuts
B) 1/2 kg of coconuts
C) 4 kg of coconuts
D) 1/4 kg of coconuts
Correct Answer:
Verified
Correct Answer:
Verified
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