Table 3-32
US and French Production Opportunities 
-Refer to Table 3-32 The opportunity costs for the US and France are as follows:
A) In the US 1 million gallons of wine costs 1/2 million pounds of cheese and in France 1 million gallons of wine costs 2 million pounds of cheese.
B) In the US 1 million gallons of wine costs 2 million pounds of cheese and in France 1 million gallons of wine costs 1/2 million pounds of cheese.
C) In the US 1 million pounds of cheese costs 1/2 million gallons of wine and in France 1 million pounds of cheese costs 2 million gallons of wine.
D) In the US 1 million pounds of cheese costs 16 million gallons of wine and in France 1 million pounds of cheese costs 8 million gallons of wine.
Correct Answer:
Verified
Q107: Figure 3-20
Canada's Production Possibilities Frontier
Mexico's Production Possibilities
Q130: Figure 3-23
The graph below represents the various
Q132: Figure 3-21
Uzbekistan's Production Possibilities Frontier
Azerbaijan's Production Possibilities
Q137: Figure 3-21
Uzbekistan's Production Possibilities Frontier
Azerbaijan's Production Possibilities
Q138: Figure 3-22
Alice and Betty's Production Possibilities in
Q321: Table 3-33
Chris and Tony's Production Opportunities
Q324: Table 3-32
US and French Production Opportunities
