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Table 2-20 Table 2-20 Shows the Number of Labor Hours

question 14

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Table 2-20
Table 2-20    Table 2-20 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand. -Refer to Table 2-20. What is Thailand's opportunity cost of producing one wristwatch? A)  0.05 pounds of rice B)  20 pounds of rice C)  25 pounds of rice D)  60 pounds of rice Table 2-20 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-20. What is Thailand's opportunity cost of producing one wristwatch?


Definitions:

Likely Products

The most probable substances formed as the outcome of a chemical reaction, based on reactants and conditions.

Predominate Product

The product in a chemical reaction that is formed in greater quantity compared to any other products, often due to its more favorable energy state or kinetic pathway.

Unsaturation Number

A measure of the degree of unsaturation (number of double or triple bonds, including rings) present in an organic molecule.

Molecular Formula

The representation of a compound showing the types and numbers of atoms present in the simplest ratio.

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