Production Possibility Schedules for Two South Pacific Island NationsKiribatiTuvaluMangoesCoconutsMangoesCoconuts30001,20002004008001,2001008004002,40001,20003,600In Kiribati, the opportunity cost of producing one mango (in terms of coconuts) is:
A. 4.
B. 1/4.
C. 400.
D. 0.
Answer: A
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A venture capital fund wants to invest $1000 in each of one thousand mad scientists
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The equilibrium interest rate will change if
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