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Social Science Clinic => Economics => Microeconomics => Topic started by: gonzo233 on Jul 21, 2019

Title: Daily Output of Russia and PanamaRussiaPanamaGloves 40240Hats120180 Table 18.1Refer to Table 18.1. ...
Post by: gonzo233 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 Russia is:
◦ 1/3 of a glove.
◦ 1/2 of a glove.
◦ 2 gloves.
◦ 3 gloves.

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

1/3 of a glove.