In an Israeli factory,each worker can produce 2/5 of a shirt in an hour or 1/10 of a pair of pants in an hour.If there are 500 workers in the factory,what is opportunity cost of producing one shirt?
A) 1 pair of pants
B) 4 pairs of pants
C) 1/2 pair of pants
D) 1/4 pair of pants
E) 2 pairs of pants
Correct Answer:
Verified
Q104: U.S.imports of sugar
A)have been illegal since the
Q105: A high-wage country cannot afford free trade
Q106: In an Israeli factory,each worker can produce
Q107: In an Israeli factory,each worker can produce
Q108: If Canada began to export maple syrup
Q110: Protectionism is
A)the belief that a nation's industries
Q111: If Country A exports a good to
Q112: In an Israeli factory,each worker can produce
Q113: A low-productivity country will tend to avoid
Q114: The United States imposes a quota on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents