Refer to the table shown. $$\begin{array} {c }
{ \text { Batswana } } \quad\quad { \text { Zimbabwe } } \
\begin{array} { | c | c | c | c | }
\hline \text { Gald } & \text { Nickel } & \text { Gold } & \text { Nickel } \
\hline 0 & 300 & 0 & 90 \
\hline 60 & 200 & 18 & 60 \
\hline 120 & 100 & 36 & 30 \
\hline 180 & 0 & 54 & 0 \
\hline
\end{array}\end{array}$$ Botswana's opportunity cost of producing nickel (in terms of gold)is:
A)3/5.
B)5/3.
C)60.
D)100.

Question

Refer to the table shown. $$\begin{array} {c } 
{ \text { Batswana } }   \quad\quad  { \text { Zimbabwe } } \
\begin{array} { | c | c | c | c | } 
\hline \text { Gald } & \text { Nickel } & \text { Gold } & \text { Nickel } \
\hline 0 & 300 & 0 & 90 \
\hline 60 & 200 & 18 & 60 \
\hline 120 & 100 & 36 & 30 \
\hline 180 & 0 & 54 & 0 \
\hline
\end{array}\end{array}$$ Botswana's opportunity cost of producing nickel (in terms of gold)is:
A)3/5.
B)5/3.
C)60.
D)100.

Quizplus · Accepted Answer

Botswana's opportunity cost of producing nickel (in terms of gold) is 3/5. This is because for every unit of nickel produced, Botswana must give up 3/5 of a unit of gold.

Refer to the Table Shown Botswana's Opportunity Cost of Producing Nickel (In Terms of Gold)is