Refer to the information provided in Table 33.5 below to answer the question(s) that follow. Cashews are measured in bushels and tea is measured in pounds (lbs.)
Table 33.5
-Refer to Table 33.5. The most that Vietnam will be willing to pay for a bushel of cashews is
A) 5 lbs. of tea.
B) 6.25 lbs. of tea.
C) 7.5 lbs. of tea.
D) 10 lbs. of tea.

Question

Refer to the information provided in Table 33.5 below to answer the question(s) that follow. Cashews are measured in bushels and tea is measured in pounds (lbs.)
Table 33.5 
-Refer to Table 33.5. The most that Vietnam will be willing to pay for a bushel of cashews is
A) 5 lbs. of tea. 
B) 6.25 lbs. of tea. 
C) 7.5 lbs. of tea. 
D) 10 lbs. of tea.

Quizplus · Accepted Answer

From the table, we can see that Vietnam is willing to trade a maximum of 75 bushels of cashews for 562.5 lbs. of tea. Therefore, the maximum price Vietnam is willing to pay for a bushel of cashews is 562.5/75 = 7.5 lbs. of tea.

Refer to the Information Provided in Table 33