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 coconuts is:
A) 2 kg of fish
B) 1/2 kg of fish
C) 4 kg of fish
D) 1/4 kg of fish
Correct Answer:
Verified
Correct Answer:
Verified
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Q39: Spain can produce everything more cheaply than
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Q44: The conclusions of Adam Smith and David
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Q47: If it takes Australian workers fewer hours