Question

Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day. On the other hand, a Canadian worker can produce 10 pairs of shoes or grow 20 apples per day. The opportunity cost of one pair of shoes for the United States is, while the opportunity cost of one pair of shoes for Canada is Multiple Choice A. 2.000 apples: 200 apples B. 5 apples; 2 apples C. 5 apple, ½ apple D. 100 apples; 20 apples

Answer 1

Answer:

The opportunity cost of one pair of shoes for the United States is, while the opportunity cost of one pair of shoes for Canada is B. 5 apples; 2 apples

Explanation:

An American worker can make 20 pairs of shoes or grow 100 apples per day. The opportunity cost of 20 pairs of shoes for the United States are 100 apples. The opportunity cost of one pair of shoes for the United States = 100 apples/20 = 5 apples

A Canadian worker can produce 10 pairs of shoes or grow 20 apples per day.

The opportunity cost of 10 pairs of shoes for Canada are 20 apples.

The opportunity cost of one pair of shoes for Canada = 20 apples/10 = 2 apples