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

Title: Daily Output of Russia and PanamaRussiaPanamaGloves 40240Hats120180 Table 18.1Refer to Table 18.1. ...
Post by: brutforce 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 Panama is:
◦ 1/8 of a hat.
◦ 3/4 of a hat.
◦ 4/3 hats.
◦ 8 hats.

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

3/4 of a hat.

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

Thanks

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

Welcome :)