Suppose an American worker can make 50 pairs of gloves or grow 300 radishes per day.A Bangladeshi worker,on the other hand,can produce 100 pairs of gloves or grow 200 radishes per day.The opportunity cost of one pair of gloves is:
A)6 radishes for the United States and 2 radishes for Bangladesh.
B)60 radishes for the United States and 20 radishes for Bangladesh.
C)1/6 radishes for the United States and ½ radishes for Bangladesh.
D)6,000 radishes for the United States and 2,000 radishes for Bangladesh.

Question

Quizplus · Accepted Answer

The opportunity cost of one pair of gloves for the United States is 6 radishes (300 radishes/50 gloves), and for Bangladesh, it is 2 radishes (200 radishes/100 gloves).

Suppose an American Worker Can Make 50 Pairs of Gloves