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 Scotland's opportunity cost of producing one motorcycle?
A) 0.25 guitar
B) 4 guitars
C) 12 guitars
D) 16 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 Scotland's opportunity cost of producing one motorcycle?
A) 0.25 guitar 
B) 4 guitars 
C) 12 guitars 
D) 16 guitars

Quizplus · Accepted Answer

Scotland can produce 4 guitars or 1 motorcycle. So, the opportunity cost of producing one motorcycle is 4 guitars.

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