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Production Possibilities Schedules for Venice and Florence VeniceFlorencePasta (pounds)Wine (bottles)Pasta (pounds)Wine (bottles) 50040025202040040080 Instructions: In partsb and d, round your answers to 2 decimal places.

Production Possibilities Schedules for Venice and Florence

VeniceFlorencePasta (pounds)Wine (bottles)Pasta (pounds)Wine (bottles)50040025202040040080

Instructions:In partsb and d, round your answers to 2 decimal places.

a. What is Venice's opportunity cost of producing one pound of pasta?

multiple choice 1

0.8 bottle(s) of wine
2 bottle(s) of wine
1.25 bottle(s) of wine
0.5 bottle(s) of wine

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