Assume Steve lives as a hunter gatherer and has a production possibility frontier between fish (on the
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Assume Steve lives as a hunter gatherer and has a production possibility frontier between fish (on the vertical axis) and apples (on the horizontal axis) that is a line with a slope of -1/2. Which of the following is true?
A. In order to gain one more fish, Steve must give up one apple.
B. The opportunity cost of acquiring one more fish is two apples.
C. The trade-off between fish and apples will be different depending on the relative abundance of one good.
D. The price for apples for Steve is two fish.
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