Exhibit 33-6

-Refer to Exhibit 33-6. The opportunity cost of 1 unit of cheese in terms of units of wine is __________ for country B.

Question

Exhibit 33-6
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-Refer to Exhibit 33-6. The opportunity cost of 1 unit of cheese in terms of units of wine is __________ for country B.

Quizplus · Accepted Answer

The opportunity cost of 1 unit of cheese in terms of units of wine is 1 for country B. This is because country B can produce 1 unit of cheese or 10 units of wine with the same resources. Therefore, the opportunity cost of 1 unit of cheese is 10 units of wine.

Exhibit 33-6 ​

Exhibit 33-6