Table 3-6

-Refer to Table 3-6. What is the opportunity cost of 1 unit of bread in England?
A)4 cheeses.
B)2 cheeses.
C)1 cheese.
D)1/2 cheese.

Name: Table 3-6 -Refer to Table 3-6. What is the opportunity cost of 1 unit of bread in England? A)4 cheeses. B)2 cheeses. C)1 cheese. D)1/2 cheese.
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Question

Table 3-6
 
-Refer to Table 3-6. What is the opportunity cost of 1 unit of bread in England?
A)4 cheeses. 
B)2 cheeses. 
C)1 cheese. 
D)1/2 cheese.

Quizplus · Accepted Answer

According to Table 3-6, 1 unit of bread in England has an opportunity cost of 2 cheeses in terms of production. Therefore, England should produce cheese as it has a comparative advantage in cheese production.

Table 3-6 -Refer to Table 3-6. What Is the Opportunity Cost of the Opportunity