Table 9-11
Output per hour Production and Production
of work Consumption without Trade with Trade
Denmark and Belize can produce both clocks and hats. Each country has a total of 200 available labor hours for the production of clocks and hats. Table 9-11 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-11. What is the opportunity cost to produce 1 hat in Denmark?
A) 1/6 of a clock
B) 1/2 of a clock
C) 2 clocks
D) 6 clocks

Question

Table 9-11
Output per hour Production and Production
of work Consumption without Trade with Trade
  Denmark and Belize can produce both clocks and hats. Each country has a total of 200 available labor hours for the production of clocks and hats. Table 9-11 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-11. What is the opportunity cost to produce 1 hat in Denmark?
A) 1/6 of a clock 
B) 1/2 of a clock 
C) 2 clocks 
D) 6 clocks

Quizplus · Accepted Answer

The Answer of Table 9-11
Output per hour Production and Production
of work Consumption without Trade with Trade
  Denmark and Belize can produce both clocks and hats. Each country has a total of 200 available labor hours for the production of clocks and hats. Table 9-11 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-11. What is the opportunity cost to produce 1 hat in Denmark?
A) 1/6 of a clock 
B) 1/2 of a clock 
C) 2 clocks 
D) 6 clocks

Table 9-11 Output Per Hour Production and Production