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Amanda [17]
3 years ago
15

Consider two points on the PPF: point A, at which there are 50 oranges and 100 apricots, and point B, at which there are 51 oran

ges and 98 apricots. If the economy is currently at point B, the opportunity cost of moving to point A is _________.a. 2 apricots.
b. 1 orange.
c. 98 apricots.
d. 3 oranges.
Mathematics
1 answer:
RoseWind [281]3 years ago
3 0
D 3 oranges is the answer
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Answer:

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Step-by-step explanation:

This is a binomial distribution with parameters, n and p.

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The mean, variance, standard deviation formula for binomial distribution is shown below:

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q = 1 - 0.08 = 0.92

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Mean = np=100*0.08=8

Variance = npq=100*0.08*0.92 = 7.36

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