Table 2-9
Table 2-9 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-9.What is Japan's opportunity cost of producing one pound of rice?
A)0.04 units of a wristwatch
B)4 wristwatches
C)25 wristwatches
D)40 wristwatches

Question

Table 2-9
  Table 2-9 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-9.What is Japan's opportunity cost of producing one pound of rice?
A)0.04 units of a wristwatch 
B)4 wristwatches 
C)25 wristwatches 
D)40 wristwatches

Quizplus · Accepted Answer

The opportunity cost of producing one pound of rice in Japan is 0.04 units of a wristwatch, meaning Japan gives up 0.04 wristwatches to produce one pound of rice.

Table 2-9 Table 2-9 Shows the Number of Labor Hours