Table 3-27 Assume That Huang and Min Can Switch Between Producing Parasols

question 524

Multiple Choice

Table 3-27
Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.
​
-Refer to Table 3-27. The opportunity cost of 1 plate for Min is

• A)1/3 parasol.
• B)1/2 parasol.
• C)2 parasols.
• D)3 parasols.

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Definitions:

Proprietorship

Proprietorship, also known as sole proprietorship, is a business owned and operated by a single individual, where the owner and the business are legally treated as the same.

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