The figure below shows the production possibilities frontiers for rice and T-shirts for two countries, Costa Rica and United States. According to the figure below, in Costa Rica, the opportunity cost of 1 ton of rice is:
A) 1/2 of a T-shirt.
B) 3/4 of a T-shirt.
C) 1 T-shirt.
D) 11/2 T-shirts.
E) 2 T-shirts.

Question

The figure below shows the production possibilities frontiers for rice and T-shirts for two countries, Costa Rica and United States. According to the figure below, in Costa Rica, the opportunity cost of 1 ton of rice is: 
A) 1/2 of a T-shirt. 
B) 3/4 of a T-shirt. 
C) 1 T-shirt. 
D) 11/2 T-shirts. 
E) 2 T-shirts.

Quizplus · Accepted Answer

The Answer of The figure below shows the production possibilities frontiers for rice and T-shirts for two countries, Costa Rica and United States. According to the figure below, in Costa Rica, the opportunity cost of 1 ton of rice is: 
A) 1/2 of a T-shirt. 
B) 3/4 of a T-shirt. 
C) 1 T-shirt. 
D) 11/2 T-shirts. 
E) 2 T-shirts.

The Figure Below Shows the Production Possibilities Frontiers for Rice