The Following Table Shows Per-Day Production Data of Rice and T-Shirts

question 114

Multiple Choice

The following table shows per-day production data of rice and T-shirts for two countries, Cambria and Bodoni. Based on the table, it can be said that the opportunity cost of 1 ton of rice in Cambria is _____. ​
Table 19.1
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• A)3 T-shirts
• B)10 T-shirts
• C)20 T-shirts
• D)30 T-shirts
• E)40 T-shirts

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Definitions:

Mixers

Devices used to blend or combine ingredients together, often found in kitchens or for industrial purposes.

Average Fixed Cost

The fixed costs of production (costs that do not change with output level) divided by the quantity of output produced.

Range of Output

The spectrum of production levels within which a firm operates, from minimum to maximum capacity.

Mixers

Devices used to blend, beat, or whip ingredients together into a coherent mixture.