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

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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