Answered step by step
Verified Expert Solution
Question
1 Approved Answer
question 3 Ausg table shows the units of output a worker can produce per Australia and Korea. Use this table to answer the following questions.
question 3
Ausg table shows the units of output a worker can produce per Australia and Korea. Use this table to answer the following questions. Electronics Food 20 8 Australia Korea 4 1.Th a. 5 units of a food b. 1/5 of a unit of food c. 4 units of a food d. 1/4 of a unit of food e opportunity cost of 1 unit of electronics in Australia is 2.The opportunity cost of 1 unit of electronics in Korea is a. 2 units of food b. 1/2 of a unit of food c. 4 units of a food d. 1/4 of a unit of food 3.The opportunity cost of 1 unit of food in Australia is a. 5 units of electronics b. 1/5 of a unit of electronics c. 4 units of electronics d. 1/4 of a unit of electronics
The following table shows the units of output a worker can produce pem Australia and Korea. Use this table to answer the following questions. Food Electronics 5 Australia 20 Korea 1.The opportunity cost of 1 unit of electronics in Australia is a. 5 units of a food b. 1/5 of a unit of food c. 4 units of a food d. 1/4 of a unit of food 2.The opportunity cost of 1 unit of electronics in Korea is a. 2 units of food b. 1/2 of a unit of food c. 4 units of a food d. 1/4 of a unit of food 3.The opportunity cost of 1 unit of food in Australia is a. 5 units of electronics b. 1/5 of a unit of electronics c. 4 units of electronics d. 1/4 of a unit of electronics
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started