Multiple Choice
based on the following information. A worker in the U.S. can produce either 5 machines per day or 15 yards of cloth. A worker in India can produce either 1 machine per day or 5 yards of cloth.
-In India the price of machines in terms of cloth (marginal rate of transformation) is:
A) 1M = 5C.
B) 1M= 4C.
C) 1M= 3C.
D) 1M = 2C.
E) 1M = 1C
Correct Answer:
Verified
Correct Answer:
Verified
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