1. Refer to the graph of the production possibilities curve above. What is the opportunity cost of milk?

Multiple Choice

• 1.5 milk
• 1.5 fish
• 0.67 fish
• 0.67 milk

Milk 1,600 2,400 Fish Refer to the graph of the production possibilities curve above. What is the oppo OO SHOTION SHOice itel DUAL CAMERA18 Corn 1,000 0.52 points eBook Print 600 References Potatoes Refer to the graph of the production possibilities curve above. OO SHOT ON S15 itel DUAL CAMERAThe table below presents the production possibilities schedules for the Flori and oranges. Production Possibilities Schedules for Florida and California Florida California Potatoes Oranges Potatoes Oranges (pounds) (pounds) (pounds) (pounds) 150 O BOO O 75 50 150 25 100 O 50 Which of the following statements is true concerning comparative advantage Multiple Choice OO SHOT ON $15 itel DUAL CAMERAUse the following circular flow diagram to answer the question below 16 (1) B (3) 0.52 (2) points (4) eBook A C Print References (7 ) (5) (8) D (6) OO SHOT ON S15 box A represents businesses or firms. B the resource market, and itel DUAL CAMERA then flow (6) would represent