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Phydeaux Phydeaux
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6 years ago
If Canada specializes in the production of wine we can produce 10,000 bottles per month. If Canada specializes in the production of wheat we can produce 200,000 bushels per month. The opportunity cost of a bottle of wine in Canada is
A) 120,000 bottles of wine.
B) 20 bushels of wheat.
C) 200 bushels of wheat.
D) 2,500 bottles of wine.
E) 1/20 of a bushel of wheat.
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Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
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