Homework Clinic
Social Science Clinic => Economics => Microeconomics => Topic started by: abarnes 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 hat in Panama is:
◦ 1/2 of a glove.
◦ 3/4 of a glove.
◦ 4/3 gloves.
◦ 2 gloves.
-
4/3 gloves.