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Figure 2-7 Figure 2-7 Shows the Production Possibilities Frontiers for Pakistan and Possibilities

Question 83

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Figure 2-7
Figure 2-7     Figure 2-7 shows the production possibilities frontiers for Pakistan and Indonesia. Each country produces two goods, cotton and cashews. -Refer to Figure 2-7.What is the opportunity cost of producing 1 pound of cashews in Pakistan? A)  3/8 of a bolt of cotton B)  5/8 of a bolt of cotton C)  1 3/5 bolts of cotton D)  240 bolts of cotton
Figure 2-7 shows the production possibilities frontiers for Pakistan and Indonesia. Each country produces two goods, cotton and cashews.
-Refer to Figure 2-7.What is the opportunity cost of producing 1 pound of cashews in Pakistan?


A) 3/8 of a bolt of cotton
B) 5/8 of a bolt of cotton
C) 1 3/5 bolts of cotton
D) 240 bolts of cotton

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