Business
Business, 08.02.2021 19:20, xeno777

Alpha and Beta, two small economies, can produce cheese or butter with the same resource, raw milk. Assuming constant opportunity costs, Alpha can produce either 30 pounds of cheese or 15 pounds of butter per day. Beta can produce either 40 pounds of cheese or 10 pounds of butter per day. The opportunity cost of producing one pound of butter for Alpha is

a. two-thirds of a pound of cheese.
b. half of a pound of cheese.
c. two pounds of cheese.
d. one pound of cheese.
e. one and a half pounds of cheese

answer
Answers: 3

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Alpha and Beta, two small economies, can produce cheese or butter with the same resource, raw milk....

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