An economy has two workers, Paula and Ricardo. Every day they work, Paula can produce 4 computers or 16 shirts, and Ricardo can produce 6 computers or 12 shirts. What is the opportunity cost for Ricardo to produce one computer?

A. ½ shirt
B. ¼ shirt
C. 2 shirts
D. 4 shirts


Answer: C

Economics

You might also like to view...

What are the three balance of payments accounts? Briefly describe them. What is the relationship among the three?

What will be an ideal response?

Economics

The productivity speed-up in the United States began in the

a. mid 1970s. b. mid 1980s. c. mid 1990s. d. beginning of 2001.

Economics

________ goods are rival in consumption and their benefits are excludable.

A. Social B. All C. Private D. Public

Economics

The survey the Bureau of Labor Statistics uses to collect unemployment data is called the:

A. current population survey. B. census population survey. C. census employment survey. D. current employment survey.

Economics