Table 2-16 Table 2-16 Shows the Number of Labor Hours

question 21

Multiple Choice

Table 2-16
Table 2-16 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 2-16. What is Finland's opportunity cost of producing one board foot of lumber?

• A) 0.25 cell phones
• B) 4 cell phones
• C) 12 cell phones
• D) 16 cell phones

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