Figure 3-19
Chile's Production Possibilities Frontier
Colombia's Production Possibilities Frontier
-Refer to Figure 3-19.Chile's opportunity cost of one pound of soybeans is
A)3/4 pound of coffee and Colombia's opportunity cost of one pound of soybeans is 1/2 pound of coffee.
B)3/4 pound of coffee and Colombia's opportunity cost of one pound of soybeans is 2 pounds of coffee.
C)4/3 pounds of coffee and Colombia's opportunity cost of one pound of soybeans is 1/2 pound of coffee.
D)4/3 pounds of coffee and Colombia's opportunity cost of one pound of soybeans is 2 pounds of coffee.

Question

Figure 3-19
Chile's Production Possibilities Frontier
Colombia's Production Possibilities Frontier  
-Refer to Figure 3-19.Chile's opportunity cost of one pound of soybeans is
A)3/4 pound of coffee and Colombia's opportunity cost of one pound of soybeans is 1/2 pound of coffee. 
B)3/4 pound of coffee and Colombia's opportunity cost of one pound of soybeans is 2 pounds of coffee. 
C)4/3 pounds of coffee and Colombia's opportunity cost of one pound of soybeans is 1/2 pound of coffee. 
D)4/3 pounds of coffee and Colombia's opportunity cost of one pound of soybeans is 2 pounds of coffee.

Quizplus · Accepted Answer

The Answer of Figure 3-19
Chile's Production Possibilities Frontier
Colombia's Production Possibilities Frontier  
-Refer to Figure 3-19.Chile's opportunity cost of one pound of soybeans is
A)3/4 pound of coffee and Colombia's opportunity cost of one pound of soybeans is 1/2 pound of coffee. 
B)3/4 pound of coffee and Colombia's opportunity cost of one pound of soybeans is 2 pounds of coffee. 
C)4/3 pounds of coffee and Colombia's opportunity cost of one pound of soybeans is 1/2 pound of coffee. 
D)4/3 pounds of coffee and Colombia's opportunity cost of one pound of soybeans is 2 pounds of coffee.

Figure 3-19 Chile's Production Possibilities Frontier