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Social Science Clinic => Economics => Microeconomics => Topic started by: dakota nelson on Jul 21, 2019

Title: Daily Output of Russia and PanamaRussiaPanamaGloves 40240Hats120180 Table 18.1Refer to Table 18.1. ...
Post by: dakota nelson on Jul 21, 2019

Daily Output of Russia and Panama

​	Russia	Panama
Gloves	40	240
Hats	120	180

    Table 18.1


Refer to Table 18.1. The opportunity cost of a glove in Russia is:
◦ 1/8 of a hat.
◦ 1/3 of a hat.
◦ 3 hats.
◦ 8 hats.

Title: Daily Output of Russia and PanamaRussiaPanamaGloves 40240Hats120180 Table 18.1Refer to Table 18.1. ...
Post by: Dunkey on Jul 21, 2019

3 hats.

Title: Daily Output of Russia and PanamaRussiaPanamaGloves 40240Hats120180 Table 18.1Refer to Table 18.1. ...
Post by: dakota nelson on Jul 21, 2019

Thank you!

Title: Daily Output of Russia and PanamaRussiaPanamaGloves 40240Hats120180 Table 18.1Refer to Table 18.1. ...
Post by: Dunkey on Jul 21, 2019

Always glad to help...