Question
Assume that Indonesia and India can switch between producing rice and bananas at a constant rate. Labor Hours Needed to Make 1 Unit of Number
Assume that Indonesia and India can switch between producing rice and bananas at a constant rate.
Labor Hours Needed to Make 1 Unit of | Number of Units Produced in 40 Hours | |||
Rice | Bananas | Rice | Bananas | |
Indonesia | 2 | 5 | 20 | 8 |
India | 4 | 2 | 10 | 20 |
Refer to Table 3-34. Indonesia's opportunity cost of producing bananas is
Group of answer choices
2.5 units of rice. This is higher than India's opportunity cost of producing bananas.
2.5 units of rice. This is lower than India's opportunity cost of producing bananas.
2/5 units of rice. This is higher than India's opportunity cost of producing bananas.
2/5 units of rice. This is lower than India's opportunity cost of producing bananas.
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