look at the following chart. producer a - can produce 200 apples and 100 oranges in one day - can produce…

look at the following chart. producer a - can produce 200 apples and 100 oranges in one day - can produce 400 apples and 0 oranges in one day producer as opportunity cost would be analyzing the climate to see which fruit would grow better. studying the profitability of growing apples versus oranges. researching what competitors are doing. choosing to grow both fruit varieties or only apples.

look at the following chart. producer a - can produce 200 apples and 100 oranges in one day - can produce 400 apples and 0 oranges in one day producer as opportunity cost would be analyzing the climate to see which fruit would grow better. studying the profitability of growing apples versus oranges. researching what competitors are doing. choosing to grow both fruit varieties or only apples.

Answer

Brief Explanations:

Opportunity - cost is the value of the next - best alternative forgone. For Producer A, when deciding between growing apples and oranges, the opportunity cost is related to the choice of growing both or only apples. Analyzing climate, studying profitability, and researching competitors are not opportunity costs in the strict economic sense related to production choices here.

Answer:

choosing to grow both fruit varieties or only apples.