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 Table 55 a \text { Table } 55 \text { a }

Question 38

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 Table 55 a \text { Table } 55 \text { a }
 Units of output produced by 1 hour of labor input  Commodity  Canada  Mexico  Bread 6 loaves 2 loaves  Cheese 8 punds 4 pounds \begin{array}{l}\text { Units of output produced by } 1 \text { hour of labor input }\\\begin{array}{|l|l|l|}\hline \text { Commodity } & \text { Canada } & \text { Mexico } \\\hline \text { Bread } & 6 \text { loaves } & 2 \text { loaves } \\\hline \text { Cheese } & 8 \text { punds } & 4 \text { pounds } \\\hline\end{array}\end{array}
-In Table 55a, if the trading price of goods is based on labor input, what is the relative price of 1 pound of cheese in Canada?


A) 1 pound = 1.33 loaves of bread
B) 1 pound = 6 loaves of bread
C) 1 pound = 0.75 loaves of bread
D) 1 pound = $6.00

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