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Author Question: Assume a society can produce either olives or grapes. If the marginal rate of transformation of ... (Read 150 times)

joesmith1212

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on: Apr 19, 2019

Assume a society can produce either olives or grapes. If the marginal rate of transformation of bushels of olives into bushels of grapes is 0.2, then the opportunity cost of grapes is


◦ the 5 bushels of olives that must be forgone.
◦ the 5 bushels of grapes that must be forgone.
◦ the 0.2 bushels of olives that must be forgone.
◦ the additional 0.2 gallons of olives that can be produced.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by joesmith1212 on Apr 19, 2019

duke02

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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joesmith1212

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

patma1981

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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