Figure 3-16
Hosne's Production Possibilities Frontier
Merve's Production Possibilities Frontier
-Refer to Figure 3-16.Hosne's opportunity cost of one purse is
A)4/5 wallet and Merve's opportunity cost of one purse is 2/3 wallet.
B)4/5 wallet and Merve's opportunity cost of one purse is 3/2 wallets.
C)5/4 wallets and Merve's opportunity cost of one purse is 2/3 wallet.
D)5/4 wallets and Merve's opportunity cost of one purse is 3/2 wallets.

Question

Figure 3-16
Hosne's Production Possibilities Frontier
Merve's Production Possibilities Frontier  
-Refer to Figure 3-16.Hosne's opportunity cost of one purse is
A)4/5 wallet and Merve's opportunity cost of one purse is 2/3 wallet. 
B)4/5 wallet and Merve's opportunity cost of one purse is 3/2 wallets. 
C)5/4 wallets and Merve's opportunity cost of one purse is 2/3 wallet. 
D)5/4 wallets and Merve's opportunity cost of one purse is 3/2 wallets.

Quizplus · Accepted Answer

Hosne's opportunity cost of one purse is 4/5 wallet, and Merve's opportunity cost of one purse is 3/2 wallets, as calculated from their respective production possibilities.

Figure 3-16 Hosne's Production Possibilities Frontier