Economics MCQ The Economics Problem In the production possibilities frontier depicted in the graph,what is the opportunity cost of increasing the production of bananas from two million pounds to three million pounds?

In the production possibilities frontier depicted in the graph,what is the opportunity cost of increasing the production of bananas from two million pounds to three million pounds?

Naim 23:33 The Economics Problem

In the production possibilities frontier depicted in the graph,what is the opportunity cost of increasing the production of bananas from two million pounds to three million pounds?

A) 3 million hats
B) 2 million hats
C) 1/2 million hats
D) 1 million hats

Answer: D

Economics MCQ

In the production possibilities frontier depicted in the graph,what is the opportunity cost of increasing the production of bananas from two million pounds to three million pounds?

In the production possibilities frontier depicted in the graph,what is the opportunity cost of increasing the production of bananas from two million pounds to three million pounds?

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