Figure 3-13
Peru's Production Possibilities Frontier
-Refer to Figure 3-13.Suppose Peru decides to increase its production of rubies by 30.What is the opportunity cost of this decision?
A)1/8 emerald
B)1/3 emerald
C)1 emerald
D)3 emeralds

Question

Figure 3-13
Peru's Production Possibilities Frontier 
-Refer to Figure 3-13.Suppose Peru decides to increase its production of rubies by 30.What is the opportunity cost of this decision?
A)1/8 emerald 
B)1/3 emerald 
C)1 emerald 
D)3 emeralds

Quizplus · Accepted Answer

The Answer of Figure 3-13
Peru's Production Possibilities Frontier 
-Refer to Figure 3-13.Suppose Peru decides to increase its production of rubies by 30.What is the opportunity cost of this decision?
A)1/8 emerald 
B)1/3 emerald 
C)1 emerald 
D)3 emeralds

Figure 3-13 Peru's Production Possibilities Frontier