Table 2.8 Table 2.8 Shows the Number of Labour Hours Required to of Labour

question 42

Multiple Choice

Table 2.8

Table 2.8 shows the number of labour hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2.8. What is Ireland's opportunity cost of producing one guitar?

• A)0.2 motorcycle
• B)5 motorcycles
• C)8 motorcycles
• D)32 motorcycles

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Definitions:

Cost Of Goods Manufactured

Cost of goods manufactured is the total cost incurred by a company to produce goods within a specific period, including costs related to materials, labor, and overhead.