Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. The opportunity costs of producing 1 orange for Alpha and Beta, respectively, are ____. 9 apples; 4 apples. 2 apples; 4 apples 0.5 apples; 0.25 apples. 0.25 apples; 0.5 apples.

Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. The opportunity costs of producing 1 orange for Alpha and Beta, respectively, are ____. 9 apples; 4 apples. 2 apples; 4 apples 0.5 apples; 0.25 apples. 0.25 apples; 0.5 apples.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

9 apples; 4 apples.

2 apples; 4 apples

0.5 apples; 0.25 apples.

0.25 apples; 0.5 apples.

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