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Harlamova29_29 [7]
3 years ago
14

Country A can produce 10 yards of textiles or 6 pounds of food per unit of input. Compute the opportunity cost of producing one

additional unit of food instead of textiles.
Business
1 answer:
77julia77 [94]3 years ago
7 0

Answer: 1.67 yards of textiles

Explanation:

The country can either produce 10 yards of textiles or 6 pounds of food. Opportunity cost of producing one additional unit of food instead of textiles will therefore be;

= 10/6

= 1.67 yards of textiles

<em>This shows that for every pound of food produced, 1.67 yards of textiles are foregone. </em>

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