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Author Question: Betty and Ann live on a desert island. With a day's labor, Ann can produce 6 fish or 4 coconuts; ... (Read 588 times)

TFauchery

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on: Jun 29, 2018
Betty and Ann live on a desert island. With a day's labor, Ann can produce 6 fish or 4 coconuts; Betty can produce 3 fish or 1 coconut. Betty's opportunity cost of producing 1 fish is ________, and she should specialize in the production of ________.
 
  A) 1/3 coconut per fish; fish
  B) 2/3 coconut per fish; coconuts
  C) 1 coconut per fish; fish
  D) 4 coconuts per fish; fish

Question 2

The above figures show the market for hamburger meat. Which figure(s) shows the effect of a new report by the U.S. Surgeon General that beef consumption is healthier than previously believed?
 
  A) Figure A
  B) Figure B
  C) Figure D
  D) Figure A and B


Expo

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


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