Production possibilities(alternatives)
P Q R S T
Units of shelter 5 4 3 2 0
Units of food 0 5 9 12 15
Based on the above production possibilities table, the real cost of a unit of food when alternative R is selected is?
A.
one unit of shelter
B.
three units of shelter
C.
one third of a unit of shelter
D.
six units of shelter
E.
two units of shelter
Correct Answer: Option C
Explanation
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