Answer:
C. His opportunity cost of one watermelon is 2/3 of a cantaloupe.
Explanation:
Opportunity cost refers to units of production sacrificed of one good to produce an extra unit of another good.
In the given case, for every 1 unit of Cantaloupe, a farmer is required to sacrifice the production of 1.5 units of watermelon.
This means, production of 1 cantaloupe = production of 1.5 water melons.
Thus, to produce an additional unit of watermelon, sacrifice of 1/1.5 cantaloupe is required.
This means, the farmer's opportunity cost of one watermelon in the form of cantaloupe sacrificed is 2/3 of a cantaloupe.
The Market
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The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.[list 1] Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
The budget must be these five things to be successful..
Must be realistic.
Should be flexible.
Should be evaluated regularly.
Must be well planned and clearly communicated.
<span>Should have a financial format.
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Hope I helped!
An checking account .....................................
