The table given below shows the number of labor hours required to produce 1 gallon of wine and 1 pound of cheese in the U.S. and France. The opportunity cost of producing cheese the United States is _____. $$\begin{array} { l c c }
\hline \text { Labor hours to make: } & \text { In the United States } & \text { In France } \
\hline \text { 1 gallon of wine } & 4.00 & 1.00 \
\text { 1 pourd of cheese } & 1.00 & 2.00 \
\hline
\end{array}$$
A)1 gallon of wine
B)4 gallons of wine
C)0.25 gallons of wine
D)0.5 gallons of wine

Question

The table given below shows the number of labor hours required to produce 1 gallon of wine and 1 pound of cheese in the U.S. and France. The opportunity cost of producing cheese the United States is _____. $$\begin{array} { l c c } 
\hline \text { Labor hours to make: } & \text { In the United States } & \text { In France } \
\hline \text { 1 gallon of wine } & 4.00 & 1.00 \
\text { 1 pourd of cheese } & 1.00 & 2.00 \
\hline
\end{array}$$
A)1 gallon of wine
B)4 gallons of wine
C)0.25 gallons of wine
D)0.5 gallons of wine

Quizplus · Accepted Answer

The opportunity cost of producing 1 pound of cheese in the United States is calculated by comparing the labor hours required for cheese to those required for wine. Since it takes 4 hours to produce 1 gallon of wine and 1 hour to produce 1 pound of cheese, the opportunity cost of producing 1 pound of cheese is 1/4 or 0.25 gallons of wine.

The Table Given Below Shows the Number of Labor Hours