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Table 3-5 Assume That England and Spain Can Switch Between Producing Cheese

Question 77

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Table 3-5
Assume that England and Spain can switch between producing cheese and producing bread at a constant rate.
Table 3-5 Assume that England and Spain can switch between producing cheese and producing bread at a constant rate.    -Refer to Table 3-5.The opportunity cost of 1 unit of cheese for England is A)  1/4 unit of bread. B)  1 hour of labor. C)  4 units of bread. D)  4 hours of labor.
-Refer to Table 3-5.The opportunity cost of 1 unit of cheese for England is


A) 1/4 unit of bread.
B) 1 hour of labor.
C) 4 units of bread.
D) 4 hours of labor.

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