The figure to the right shows the production possibilitiesfrontier for Vidalia, a nation that produces two goods,roses and orchids.What is the opportunity cost of one dozen orchids?OA. 0.4 dozen rosesB. 2.5 dozen rosesO C. 7.25 dozen rosesOD. 16 dozen rosesRoses(dozens)200160120804020406080Orchids(dozens)

To determine the opportunity cost of one dozen orchids, we need to look at the production…

Answered: The figure to the right shows the…

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 6QR

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Question

The figure to the right shows the production possibilities
frontier for Vidalia, a nation that produces two goods,
roses and orchids.
What is the opportunity cost of one dozen orchids?
OA. 0.4 dozen roses
B. 2.5 dozen roses
O C. 7.25 dozen roses
OD. 16 dozen roses
Roses
(dozens)
200
160
120
80
40
20
40
60
80
Orchids
(dozens)

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