Assume that a consumer has a given budget or income of $10 and that she can buy
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Question:
Assume that a consumer has a given budget or income of $10 and that she can buy only two goods, apples or bananas. The price of an apple is $1.00 and the price of a banana is $0.50. For this consumer, the opportunity cost of buying one more apple is
Multiple Choice
A. 0.5 of a banana.
B. 0.1 of a banana.
C. 1 banana.
D. 2 bananas.
Expert Answer:
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