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Use the Following Table Showing Production Possibilities for Tea and Coffee

Question 38

Multiple Choice

Use the following table showing production possibilities for tea and coffee from one unit of resources in Country K and one unit of resources in Country L.
Use the following table showing production possibilities for tea and coffee from one unit of resources in Country K and one unit of resources in Country L.    -The opportunity cost to Country L of producing one pound of coffee is: A)  zero. B)  1 pound of tea. C)  2 pounds of tea. D)  1/2 pound of tea.
-The opportunity cost to Country L of producing one pound of coffee is:


A) zero.
B) 1 pound of tea.
C) 2 pounds of tea.
D) 1/2 pound of tea.

Correct Answer:

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