Table 2-11

Table 2-11 shows the number of labor hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2-11.What is Ireland's opportunity cost of producing one guitar?
A)0.2 motorcycles
B)5 motorcycles
C)8 motorcycles
D)32 motorcycles

Question

Table 2-11
  
Table 2-11 shows the number of labor hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2-11.What is Ireland's opportunity cost of producing one guitar?
A)0.2 motorcycles 
B)5 motorcycles 
C)8 motorcycles 
D)32 motorcycles

Quizplus · Accepted Answer

The opportunity cost of producing one guitar in Ireland is 0.2 motorcycles, as it indicates the number of motorcycles that must be forgone to produce one additional guitar.

Table 2-11 Table 2-11 Shows the Number of Labor Hours Required to of Labor