based on the following information. A worker in the U.S. can produce either 5 machines per day or 15 yards of cloth. A worker in India can produce either 1 machine per day or 5 yards of cloth.
-In the U.S., the price of machines in terms of cloth (marginal rate of transformation) is:

Question

Quizplus · Accepted Answer

In the U.S., a worker can produce either 5 machines or 15 yards of cloth per day, meaning the opportunity cost of producing 1 machine is 3 yards of cloth (15 yards of cloth / 5 machines = 3 yards of cloth per machine). This is the marginal rate of transformation, indicating 1M = 3C.

Based on the Following Information