Table 3-21 Assume That Jamaica and Norway Can Switch Between Producing Coolers

question 72

Multiple Choice

Table 3-21
Assume that Jamaica and Norway can switch between producing coolers and producing radios at a constant rate. The following table shows the number of coolers or number of radios each country can produce in one day.
-Refer to Table 3-21. Jamaica's opportunity cost of one cooler is

• A)0.5 radios, and Norway's opportunity cost of one cooler is 0.125 radios.
• B)0.5 radios, and Norway's opportunity cost of one cooler is 8 radios.
• C)2 radios, and Norway's opportunity cost of one cooler is 0.125 radios.
• D)2 radios, and Norway's opportunity cost of one cooler is 8 radios.

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