The table sets out Crusoe's production possibilities frontier in winter. Crusoe currently catches 16.5 pounds of fish and picks 22.0 pounds of berries a day. His opportunity cost of producing a pound of berries is because he O A. 22.5 pounds of fish and his opportunity cost of producing a pound of fish is 30.0 pounds of berries;, is receiving a free lunch O B. 6.0 pounds of fish and his opportunity cost of producing a pound of fish is 8.0 pounds of berries; faces a tradeoff O C. 16.5 pounds of fish and his opportunity cost of producing a pound of fish is 22.0 pounds of berries, is efficient O D. 8.0 pounds of berries and his opportunity cost of producing a pound of fish is 6.0 pounds of fish; is inefficient O E. zero and his opportunity cost of producing a pound of fish is zero, is producing inside his PPF

The table sets out Crusoe's production possibilities frontier in winter. Crusoe currently catches 16.5 pounds of fish and picks 22.0 pounds of berries a day. His opportunity cost of producing a pound of berries is because he O A. 22.5 pounds of fish and his opportunity cost of producing a pound of fish is 30.0 pounds of berries;, is receiving a free lunch O B. 6.0 pounds of fish and his opportunity cost of producing a pound of fish is 8.0 pounds of berries; faces a tradeoff O C. 16.5 pounds of fish and his opportunity cost of producing a pound of fish is 22.0 pounds of berries, is efficient O D. 8.0 pounds of berries and his opportunity cost of producing a pound of fish is 6.0 pounds of fish; is inefficient O E. zero and his opportunity cost of producing a pound of fish is zero, is producing inside his PPF

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter2: Economic Tools And Economic Systems

Section: Chapter Questions

Problem 3.5P

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4.
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