Author Question: Refer to the scenario above. The opportunity cost of producing one pound of oranges in Zeta is: ... (Read 107 times)

james

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Refer to the scenario above. The opportunity cost of producing one pound of oranges in Zeta is:
 
  A) 1 pound of apples. B) 0.33 pounds of apples.
  C) 0.5 pounds of apples. D) 2 pounds of apples.

Question 2

The sum of the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) is
 
  A) equal to one. B) greater than one. C) negative. D) less than one.



cam1229

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Answer to Question 1

B

Answer to Question 2

A



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