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?

Similar Questions

The basic economic problems of society include__________ ...

One of the major causes of farmer's unstable income in Nigeria is _________ ...

Which of the following is NOT strictly included In the study of economics? ...

Which of the following is applicable in a wholly capitalist economy? ...

Which of the following shows why individual demand curve for a good usually slopes downward from lef...

In the diagram III refers to the calculation of national income through the ...

A modern corporation is owned by ...

The marketing of agricultural commodities in Nigeria is hampered by ...

At the point of profit maximization by a firm, marginal cost is ...

Both in the short run and in the long run, a firm maximizes its profits when ...