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Figure 2-10 shows the production possibilities frontiers for Tahiti and Bora Bora. Each country produces two goods, milk and honey. 1) Refer to Figure 2-10.
Figure 2-10 shows the production possibilities frontiers for Tahiti and Bora Bora. Each country produces two goods, milk and honey. 1) Refer to Figure 2-10. What is the opportunity cost of producing one gallon of honey in Bora 1) a Bora? A) 2/3 of a gallon of milk B) 0.9 gallons of milk C) 1 1 / 3 gallons of milk D) 1.5 gallons of milk 2) Refer to Figure 2-10. What is the opportunity cost of producing one gallon of milk in Tahiti? 2) A) 1.5 gallons of honey B) 1/ 2 of a gallon of honey C) 5/6 of a gallon of honey D) 1.2 gallons of honey
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