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The Table Given Below Shows the Number of Labor Hours

Question 12

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The table given below shows the number of labor hours required to produce 1 umbrella and 1 bushel of corn in the U.K. and the Rest of the World. Calculate the opportunity cost of producing an umbrella in the Rest of the World.  Labor hours to make:  In the Urited Kingdorn  In the Rest of the World  l umbrella 3.002.00 1 bushel of corn1.000.25\begin{array} { | c | c | c | } \hline \text { Labor hours to make: } & \text { In the Urited Kingdorn } & \text { In the Rest of the World } \\\hline \text { l umbrella } & 3.00 & 2.00 \\\hline \text { 1 bushel of corn} & 1.00 & 0.25 \\\hline\end{array}


A) 1/8 of a bushel of corn
B) 1/3 of a bushel of corn
C) 3 bushels of corn
D) 8 bushels of corn

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