Multiple Choice
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.
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
Correct Answer:

Verified
Correct Answer:
Verified
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