Meat(pounds)120A90В6030Vegetables(pounds)206080100120140160The opportunity cost of meat when moving from C to B is:1/3 of a lb of vegetables per Ib of meat60 Ibs of meat per lb of vegetables3 Ibs of vegetables per Ib of meat20 Ibs of vegetables per lb of meat40

Opportunity cost measures the trade-off between two goods that is a good need to be given off in…

Meat (pounds) 120 A 90 В 60 Vegetables (pounds) 20 40 60 80 100 120 140 160 The opportunity cost of meat when moving from C to B is: O 1/3 of a lb of vegetables per Ib of meat 60 lbs of meat per lb of vegetables 3 lbs of vegetables per Ib of meat 20 Ibs of vegetables per lb of meat 30

Meat (pounds) 120 A 90 В 60 Vegetables (pounds) 20 40 60 80 100 120 140 160 The opportunity cost of meat when moving from C to B is: O 1/3 of a lb of vegetables per Ib of meat 60 lbs of meat per lb of vegetables 3 lbs of vegetables per Ib of meat 20 Ibs of vegetables per lb of meat 30

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

Meat
(pounds)
120
A
90
В
60
30
Vegetables
(pounds)
20
60
80
100
120
140
160
The opportunity cost of meat when moving from C to B is:
1/3 of a lb of vegetables per Ib of meat
60 Ibs of meat per lb of vegetables
3 Ibs of vegetables per Ib of meat
20 Ibs of vegetables per lb of meat
40

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