Examlex

Solved

Output Per Hour Production and Production
of Work Consumption Without

question 250

Multiple Choice


Output per hour Production and Production
of work Consumption without Trade with Trade
 Clocks  Hats  Clocks  Hats  Clocks  Hats  Denmark 639001501,2000 Belize 121501000400\begin{array}{|c|c|c|c|c|c|c|c|c|}\hline & \text { Clocks } & \text { Hats } & & \text { Clocks } & \text { Hats } && \text { Clocks } & \text { Hats } \\\hline \text { Denmark } & 6 & 3 & & 900 & 150 & &1,200 & 0 \\\hline \text { Belize } & 1 & 2 & & 150 & 100& & 0 & 400 \\\hline\end{array}
Denmark and Belize can produce both clocks and hats.Each country has a total of 200 available labor hours for the production of clocks and hats.Table 9-11 shows the output per hour of work,the production and consumption quantities without trade,and the production numbers with trade.
-Refer to Table 9-11.Prior to trade,what was the opportunity cost to produce 1 hat in Denmark?


Definitions:

Equipment

The necessary items for a particular purpose, including tools, machinery, and other physical devices.

Charity

An organization or a specific act of generosity and kindness towards others, especially aimed at providing help and raising money for those in need.

Refusing Requests

The act of denying or declining a request or offer, typically done politely and with an explanation.

Indirect-Order Message

Communication that presents its main idea or conclusion after providing all necessary background or supporting information.

Related Questions