-Refer to Table 3-6. What is the opportunity cost of one unit of cheese in Italy?
A) 1/4 bread
B) 1/2 bread
C) 2 breads
D) 4 breads

Question

-Refer to Table 3-6. What is the opportunity cost of one unit of cheese in Italy?
A) 1/4 bread 
B) 1/2 bread 
C) 2 breads 
D) 4 breads

Quizplus · Accepted Answer

The opportunity cost of one unit of cheese in Italy is 1/4 bread. This is because, according to Table 3-6, Italy can produce either 1 unit of cheese or 4 units of bread with the same resources. Therefore, the opportunity cost of producing 1 unit of cheese is 4 units of bread.