Reference: Ref 2-7 (Table: Production Possibilities for Italy and Belgium) According to the table on Production Possibilities for Italy and Belgium, the opportunity cost of 1 pound of pasta for Italy is:
A) 2/5 pound of linen.
B) 4 pounds of linen.
C) 1/4 pound of linen.
D) 2 hours of labor.

Question

Reference: Ref 2-7 (Table: Production Possibilities for Italy and Belgium) According to the table on Production Possibilities for Italy and Belgium, the opportunity cost of 1 pound of pasta for Italy is:
A) 2/5 pound of linen. 
B) 4 pounds of linen. 
C) 1/4 pound of linen. 
D) 2 hours of labor.

Quizplus · Accepted Answer

The Answer of  Reference: Ref 2-7 (Table: Production Possibilities for Italy and Belgium) According to the table on Production Possibilities for Italy and Belgium, the opportunity cost of 1 pound of pasta for Italy is:
A) 2/5 pound of linen. 
B) 4 pounds of linen. 
C) 1/4 pound of linen. 
D) 2 hours of labor.