Refer to the information provided in Table 19.2 below to answer the questions that follow.
Table 19.2

-Refer to Table 19.2.In Thailand,the opportunity cost of

Question

Refer to the information provided in Table 19.2 below to answer the questions that follow.
Table 19.2
 
-Refer to Table 19.2.In Thailand,the opportunity cost of

Quizplus · Accepted Answer

The opportunity cost of a motorcycle in Thailand is given as 1/15 of a tractor. Therefore, to produce one motorcycle, the cost is 1/15 of a tractor and to produce one tractor, the cost is 15 motorcycles. This means that producing a motorcycle is relatively cheaper than producing a tractor in Thailand.

Refer to the Information Provided in Table 19