Daily Output of Scotland and Poland

Table 18.1
-Refer to Table 18.1.The opportunity cost of an accordion in Poland is

Question

Daily Output of Scotland and Poland
  
Table 18.1
-Refer to Table 18.1.The opportunity cost of an accordion in Poland is

Quizplus · Accepted Answer

The opportunity cost of an accordion in Poland is the amount of bagpipes that could have been produced with the resources used to make one accordion. In Poland, one accordion requires 2 units of resources, and one bagpipe requires 4 units of resources. Therefore, the opportunity cost of an accordion in Poland is 2/4 or 1/2 of a bagpipe. Therefore, the best choice is B.