The table given below represents the output per hour of cookies and chilies in Ohio and Iowa. Table 2.4
Refer to Table 2.4.The opportunity cost of a chili in Ohio is:
A) the same as in Iowa.
B) 1/4 unit of a cookie.
C) 4 units of cookies.
D) 1/8 unit of a cookie.
E) 8 units of cookies.
Correct Answer:
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