question 11\n0.6 pts\non a production possibilities frontier, 500 pounds of apples and 1,200 pounds of…

question 11\n0.6 pts\non a production possibilities frontier, 500 pounds of apples and 1,200 pounds of bananas can be produced while at another point on the same frontier, 300 pounds of apples and 1,300 pounds of bananas can be produced. between these points, what is the opportunity cost of producing a pound of bananas?\n0.5 a pound of apples\n2 pounds of apples\n12/5 = 2.4 pounds of apples\n200 pounds of apples\n2 pounds of bananas

question 11\n0.6 pts\non a production possibilities frontier, 500 pounds of apples and 1,200 pounds of bananas can be produced while at another point on the same frontier, 300 pounds of apples and 1,300 pounds of bananas can be produced. between these points, what is the opportunity cost of producing a pound of bananas?\n0.5 a pound of apples\n2 pounds of apples\n12/5 = 2.4 pounds of apples\n200 pounds of apples\n2 pounds of bananas

Answer

Explanation:

Step1: Calculate change in apple production

The change in apple - production $\Delta A=500 - 300=200$ pounds.

Step2: Calculate change in banana production

The change in banana - production $\Delta B=1300 - 1200 = 100$ pounds.

Step3: Calculate opportunity cost of one pound of bananas

The opportunity cost of producing one pound of bananas is $\frac{\Delta A}{\Delta B}$. Substitute $\Delta A = 200$ and $\Delta B=100$ into the formula, we get $\frac{200}{100}=2$ pounds of apples.

Answer:

2 pounds of apples