The table given below represents the output per hour of cookies and chilies in Ohio and Iowa. Table 2.4

-Refer to Table 2.4.Calculate the opportunity cost of a cookie in Iowa.

Name: The table given below represents the output per hour of cookies and chilies in Ohio and Iowa. Table 2.4 -Refer to Table 2.4.Calculate the opportunity cost of a cookie in Iowa.
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

The table given below represents the output per hour of cookies and chilies in Ohio and Iowa. Table 2.4

-Refer to Table 2.4.Calculate the opportunity cost of a cookie in Iowa.

Quizplus · Accepted Answer

The opportunity cost of a cookie in Iowa is 8 chilies, because 8 chilies is the amount of chilies that must be given up to produce one cookie.

The Table Given Below Represents the Output Per Hour of Cookies