Refer to the information provided in Table 33.1 below to answer the question(s) that follow.
Table 33.1
-Refer to Table 33.1. The opportunity cost of producing a bushel of oranges in Mexico is
A) twice as much as that in Guatemala.
B) half as much as that in Guatemala.
C) the same as that in Guatemala.
D) four times as much as that in Guatemala.

Question

Refer to the information provided in Table 33.1 below to answer the question(s) that follow.
Table 33.1 
-Refer to Table 33.1. The opportunity cost of producing a bushel of oranges in Mexico is
A) twice as much as that in Guatemala. 
B) half as much as that in Guatemala. 
C) the same as that in Guatemala. 
D) four times as much as that in Guatemala.

Quizplus · Accepted Answer

The opportunity cost of producing a bushel of oranges in Mexico is 2/4 or 1/2 that of Guatemala. Therefore, the answer is B, half as much as that in Guatemala.

Refer to the Information Provided in Table 33