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Table 3-21 Assume That Jamaica and Norway Can Switch Between Producing Coolers

Question 427

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Table 3-21
Assume that Jamaica and Norway can switch between producing coolers and producing radios at a constant rate. The following table shows the number of coolers or number of radios each country can produce in one day. Table 3-21 Assume that Jamaica and Norway can switch between producing coolers and producing radios at a constant rate. The following table shows the number of coolers or number of radios each country can produce in one day.   -Refer to Table 3-21. Suppose Jamaica decides to increase its production of radios by 12. What is the opportunity cost of this decision? A) 3 coolers B) 6 coolers C) 12 coolers D) 24 coolers
-Refer to Table 3-21. Suppose Jamaica decides to increase its production of radios by 12. What is the opportunity cost of this decision?


A) 3 coolers
B) 6 coolers
C) 12 coolers
D) 24 coolers

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