Solved

Refer to the Table Comparative and Absolute Advantage I

Question 15

Multiple Choice

Refer to the table Comparative and Absolute Advantage I. The table summarizes the amount of tennis rackets and tennis balls that can be produced per unit of labor in Stewarton and Colberton. The opportunity cost of producing tennis balls in Colberton is:
Refer to the table Comparative and Absolute Advantage I. The table summarizes the amount of tennis rackets and tennis balls that can be produced per unit of labor in Stewarton and Colberton. The opportunity cost of producing tennis balls in Colberton is:   A)  one-quarter racket. B)  one-half racket. C)  one racket. D)  four rackets.


A) one-quarter racket.
B) one-half racket.
C) one racket.
D) four rackets.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents