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This table shows how much cotton and cocoa can each be produced in Peru and Brazil with one unit of ...

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This table shows how much cotton and cocoa can each be produced in Peru and Brazil with one unit of ...

This table shows how much cotton and cocoa can each be produced in Peru and Brazil with one unit of equivalent resources.

	Cotton (bales)	Cocoa Beans (bushels)
Peru	2	4
Brazil	1	6

TABLE 19-4

Refer to Table 19-4. The opportunity cost of a bale of cotton in Peru is

▸ 4 bushels of cocoa beans.

▸ 2/3 bushel of cocoa beans.

▸ 1/6 bushel of cocoa beans.

▸ 2 bushels of cocoa beans.

▸ 1/2 bushel of cocoa beans.

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

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