Cheese Bread England 40 20 Spain 20 5 The table above shows how much each of two countries can produce in 40 hours. (For example, England can produce 40 units of cheese in 40 hours.) For Spain, what is the opportunity cost of producing 1 unit of bread?
a. 4 cheese
b. 2 cheese
c. 1/2 cheese
d. 1 cheese
e. 1/4 cheese
a. 4 cheese
OC: give up / produce
OC: 20 cheeses / 5 breads = 4 cheeses
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