Solved

Table 3-8 Assume That Huang and Min Can Switch Between Producing Parasols

Question 346

Multiple Choice

Table 3-8
Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.
Table 3-8 Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.    -Refer to Table 3-8.The opportunity cost of 1 plate for Huang is A)  1/3 parasol. B)  1/2 parasol. C)  3 parasols. D)  4 parasols.
-Refer to Table 3-8.The opportunity cost of 1 plate for Huang is


A) 1/3 parasol.
B) 1/2 parasol.
C) 3 parasols.
D) 4 parasols.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions