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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 South Korea's opportunity cost of producing one digital camera?
A) 0.05 pounds of wheat
B) 20 pounds of wheat
C) 25 pounds of wheat
D) 60 pounds of wheat
Answer
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