Multiple Choice
Table 2.12 Table 2.12 shows the number of labour hours required to produce a cell phone and a cubic metre of lumber in Estonia and Finland.
-Refer to Table 2.12.What is Estonia's opportunity cost of producing one cell phone?
A) 0.2 cubic metres of lumber
B) 5 cubic metres of lumber
C) 8 cubic metres of lumber
D) 32 cubic metres of lumber
Correct Answer:
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