Table 2-4 Table 2-4 Shows the Number of Labor Hours Required to of Labor

question 65

Multiple Choice

Table 2-4

Table 2-4 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.
-Refer to Table 2-4.What is Estonia's opportunity cost of producing one cell phone?

• A) 0.2 board feet of lumber
• B) 5 board feet of lumber
• C) 8 board feet of lumber
• D) 32 board feet of lumber

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Definitions:

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Abilities or competencies that highlight one’s personal strengths and capabilities, often emphasizing independence and self-reliance in achieving tasks.

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