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
Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
Problem 3.5P
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Transcribed Image Text:Fish
(pounds)
Berries
Possibility
(pounds)
A
0.
40.0
90
16.5
22.5
36 0
30.0
C
22.0
27.0
12.0
30.0
0.0
Transcribed Image Text: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
OC. 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
||
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