Table 2-9

Table 2-9 shows the number of labor hours required to produce a canoe and a sailboat in Guatemala and Honduras.
-Refer to Table 2-9.What is Guatemala's opportunity cost of producing one sailboat?
A)1/6 of a canoe
B)2/3 of a canoe
C)3 canoes
D)6 canoes

Question

Table 2-9
  
Table 2-9 shows the number of labor hours required to produce a canoe and a sailboat in Guatemala and Honduras.
-Refer to Table 2-9.What is Guatemala's opportunity cost of producing one sailboat?
A)1/6 of a canoe 
B)2/3 of a canoe 
C)3 canoes 
D)6 canoes

Quizplus · Accepted Answer

The opportunity cost of producing one sailboat in Guatemala is 6 canoes, as it requires the resources that could have been used to produce 6 canoes instead.

Table 2-9 Table 2-9 Shows the Number of Labor Hours Required to of Labor