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SINF6 Economics Practice Questions - Solomon Islands National Form Six Examination - Economics Exam

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A farmer in Guadalcanal has one hectare of land. If he grows copra, he earns SBD 12,000 per year. If he grows cocoa, he earns SBD 15,000 per year. If he uses the land to farm vanilla, he earns SBD 18,000 per year. What is the opportunity cost of choosing to farm vanilla?
Correct Answer:
SBD 15,000 per year

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