Refer to the information provided in Table 20.1 below to answer the questions that follow.
Table 20.1 $\quad\quad\quad\quad\quad\quad$Mexico$\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad$Guatemala
$\begin{array}{cccc}
\begin{array}{c}
\text { Oranges } \
\text { bushel/acre }
\end{array} & \begin{array}{c}
\text { Bananas } \
\text { bushel/acre }
\end{array} & \begin{array}{c}
\text { Oranges } \
\text { bushel/acre }
\end{array} & \begin{array}{c}
\text { Bananas } \
\text { bushel/acre }
\end{array} \
\hline 200 & 0 & 50 & 0 \
160 & 40 & 40 & 20 \
120 & 80 & 30 & 40 \
80 & 120 & 20 & 60 \
40 & 160 & 10 & 80 \
0 & 200 & 0 & 100 \
\hline
\end{array}$
-Refer to Table 20.1. In Mexico, the opportunity cost of 1 bushel of bananas is

Question

Quizplus · Accepted Answer

According to the table, in Mexico, 1 bushel of bananas can be exchanged for 1 bushel of oranges. Therefore, the opportunity cost of 1 bushel of bananas is 1 bushel of oranges. The best choice would be to produce the good in which the country has a lower opportunity cost compared to other countries and trade for the good in which the other country has a lower opportunity cost.

Refer to the Information Provided in Table 20 \quad\quad\quad\quad\quad\quad Mexico \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad Guatemala

Refer to the Information Provided in Table 20 $\quad\quad\quad\quad\quad\quad$ Mexico $\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad$ Guatemala