Hosne's Production Possibilities Frontier Merve's Production Possibilities Frontier 1 vallas wallas 10 10 9+ 9+ 8 8+ 7 7 6 6 5+ 5 4 3 3 2+ 1 L 1 2 3 S 6 7 8 9 10 purses 1 2 3 4 5 8 10 yrs Refer to Figure 3-16. Hosne's opportunity cost of one purse is a) 5/4 wallets and Merve's opportunity cost of one purse is 3/2 wallets. b) 4/5 wallet and Merve's opportunity cost of one purse is 3/2 wallets. c) 5/4 wallets and Merve's opportunity cost of one purse is 2/3 wallet. d) 4/5 wallet and Merve's opportunity cost of one purse is 2/3 wallet