The Following Table Shows Per-Day Production Data of Rice and T-Shirts

question 33

Multiple Choice

The following table shows per-day production data of rice and T-shirts for two countries,Cambria and Bodoni.Based on the table,it can be said that the opportunity cost of a ton of rice in Bodoni is _____.
Table 19.1
?
$$\begin{array} { | c | c | c | c | } \hline { \text { Cambria } } & & { \text { Bodoni } } \\\hline \begin{array} { c } \text { Tons of rice per } \\\text { day }\end{array} & \text { T-shirts per day } & \begin{array} { c } \text { Tons of rice per } \\\text { day }\end{array} & \text { T-shirts per day } \\\hline 20 & 0 & 100 & 0 \\\hline 18 & 80 & 90 & 100 \\\hline 16 & 160 & 80 & 200 \\\hline 14 & 240 & 70 & 300 \\\hline 12 & 320 & 60 & 400 \\\hline 10 & 400 & 50 & 500 \\\hline 8 & 480 & 40 & 600 \\\hline 6 & 560 & 30 & 700 \\\hline 4 & 640 & 20 & 800 \\\hline 2 & 720 & 10 & 900 \\\hline 0 & 800 & 0 & 1,000 \\\hline\end{array}$$

• A)20 T-shirts
• B)3 T-shirts
• C)4 T-shirts
• D)10 T-shirts
• E)2 T-shirts

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Definitions:

Auction Markets

Marketplaces where buyers and sellers bid on assets, with the highest bid winning the asset.

OTC

Over-the-Counter (OTC) refers to the process of trading securities directly between two parties without the oversight of an exchange.

TSX

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NYSE

The New York Stock Exchange, one of the largest stock exchanges in the world, where stocks are bought and sold.