The Following Information Is About the Cost Ratios for Two

question 70

Multiple Choice

The following information is about the cost ratios for two products-fish (F) and chicken (C) -in Singsong and Harmony.Assume that production occurs under conditions of constant costs and these are the only two nations in the world.If in Singsong: 1F = 2C and, in Harmony: 1F = 4C:

• A)Singsong will both produce chicken and catch fish.
• B)Harmony will both produce chicken and catch fish.
• C)Harmony will produce chicken and Singsong will catch fish.
• D)Singsong will produce chicken and Harmony will catch fish.

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