Table 2-14
Table 2-14 shows the number of labor hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2-14. What is Ireland's opportunity cost of producing one motorcycle?
A) 0.2 guitar
B) 5 guitars
C) 8 guitars
D) 32 guitars

Question

Table 2-14
  Table 2-14 shows the number of labor hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2-14. What is Ireland's opportunity cost of producing one motorcycle?
A) 0.2 guitar 
B) 5 guitars 
C) 8 guitars 
D) 32 guitars

Quizplus · Accepted Answer

The opportunity cost of producing one motorcycle in Ireland is 5 guitars, as it is the amount of guitars that could have been produced instead of one motorcycle.

Table 2-14 Table 2-14 Shows the Number of Labor Hours