contestada

The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.


Corn Diamonds

United States
60 10

Congo
20 5

Which fraction represents the opportunity cost for the United States to produce corn?
A. 60⁄10
B. 10⁄60
C. 20⁄5
D. 5⁄20

Respuesta :

Parrain

Based on the units of corn and diamonds produced by the United States, the opportunity cost of producing corn is B. 10⁄60.

What is the opportunity cost of producing corn?

The opportunity cost of producing corn to the United States would be the number of diamonds that are given up to make one unit of corn.

This can be found as:

= Units of diamonds / Units of corn

= 10 / 60 diamonds

In conclusion, option B is correct.

Find out more on opportunity cost at https://brainly.com/question/1549591.

#SPJ1

Otras preguntas