Solved

Based on the Following Information

Question 38

Multiple Choice

based on the following information. A worker in the U.S. can produce either 10 chips or 20 sodas per day. A worker in Mexico can produce either 20 chips or 60 sodas per day.
-Which of the following is true?


A) The cost of chips in terms of sodas in the U.S. is 1C=3S.
B) The cost of chips in terms of sodas in the U.S. is 1/3C=1S.
C) The cost of chips in terms of sodas in the Mexico is 1C=2S.
D) The cost of chips in terms of sodas in the U.S. is 1C=2S.
E) The cost of chips in terms of sodas is 10C = 1S in both countries.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents