Table 1 shows the units of output a worker can produce per month in Australia and Korea. ?
$\begin{array}{|l|l|l|}
\hline & \text { Food } & \text { Electronics } \
\hline \text { Australia } & 20 & 5 \
\hline \text { Korea } & 8 & 2 \
\hline
\end{array}$
?
Refer to table 1. The opportunity cost of 1 unit of electronics in Korea is
A) 4 units of food.
B) 1/4 units of food.
C) 2 units of food.
D) 1/2 of a unit of food.

Question

Quizplus · Accepted Answer

The opportunity cost of 1 unit of electronics in Korea is the amount of food that Korea must give up to produce 1 unit of electronics. From the table, we can see that Korea can produce 2 units of food for every 1 unit of electronics, or in other words, the opportunity cost of 1 unit of electronics in Korea is 2 units of food. Therefore, the correct answer is C) 2 units of food.

Table 1 Shows the Units of Output a Worker Can