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Production possibilities(alternatives) P Q R S T Units of shelter 5 4 3 2 0...

Economics
JAMB 1983
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
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Correct Answer: Option C
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