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Question
Table 2-8| One Digital Camera | Wheat (per pound) | |
| China | 100 hours | 4 hours |
| South Korea | 60 hours | 3 hours |
Table 2-8 shows the number of labor hours required to produce a digital camera and a pound of wheat in China and South Korea.
Refer to Table 2-8. What is China's opportunity cost of producing one digital camera?
A) 0.04 pounds of wheat
B) 4 pounds of wheat
C) 25 pounds of wheat
D) 40 pounds of wheat
Answer
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A) a only
B) a and c only
C) b and c only
D) all of the above