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The Following Data Outline Production Choices (A or B) in Two

Question 3

Multiple Choice

The following data outline production choices (A or B) in two nations, Landia and Scandia. Landia has a workforce of 12 and Scandia has a workforce of 10.

 Output per worker in Landia  Output per worker in Scandia ABAB Fish 80 Fish 160 Chips 040 Chips 048\begin{array} { | l | c | c | c | c | c | c | } \hline { \text { Output per worker in Landia } } & & && { \text { Output per worker in Scandia } } \\\hline & \mathrm { A } & \mathrm { B } & & & \mathrm { A } & \mathrm { B } \\\hline \text { Fish } & 8 & 0 & & \text { Fish } & 16 & 0 \\\hline \text { Chips } & 0 & 40 & & \text { Chips } & 0 & 48 \\\hline\end{array}

-The opportunity cost of 1 fish in Scandia is:


A) 12 chips
B) 4 chips
C) 16 chips
D) 1 chip
E) 3 chips

Correct Answer:

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