The Table Below Shows Units of Wheat and Cloth Produced

question 93

Multiple Choice

The table below shows units of wheat and cloth produced by each worker per day in both the countries.Table 20.1

-According to Table 20.1, the opportunity cost of producing cloth in the U.S. equals:

• A)2 units of wheat.
• B)half a unit of wheat.
• C)3 units of wheat.
• D)one-third of a unit of wheat.
• E)6 units of wheat.

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Definitions:

Legal Entity

An organization or system that has its own legal identity, allowing it to own property, enter into contracts, and be sued or sue.

Sole Proprietorship

A business structure where a single individual owns and operates the business, bearing full responsibility for its debts and obligations.

Sole Proprietorship

A business structure where a single individual owns and operates the business, bearing sole responsibility for its debts and liabilities.

Capital

A financial resource that companies use for funding their operations, investing in their businesses, or acquiring assets.