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

Multiple Choice

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. Jamaica's opportunity cost of one cooler is

A) 0.5 radios, and Norway's opportunity cost of one cooler is 0.125 radios.
B) 0.5 radios, and Norway's opportunity cost of one cooler is 8 radios.
C) 2 radios, and Norway's opportunity cost of one cooler is 0.125 radios.
D) 2 radios, and Norway's opportunity cost of one cooler is 8 radios.