England can produce 50 scones per hour or 1 sweater per hour.
Scotland can produce 40 scones per hour or 2 sweater per hour.
What is the Opportunity cost for producing 1 scone in England?
What is the Opportunity cost for producing 1 scone in Scotland?
I got OC of 1 England Scone = 0.02 sweaters and OC of 1 Scotland Scone = 0.05 sweaters. that cant be right. Any help is greatly appreciated. thanks!
Scotland can produce 40 scones per hour or 2 sweater per hour.
What is the Opportunity cost for producing 1 scone in England?
What is the Opportunity cost for producing 1 scone in Scotland?
I got OC of 1 England Scone = 0.02 sweaters and OC of 1 Scotland Scone = 0.05 sweaters. that cant be right. Any help is greatly appreciated. thanks!