(Choose 1 answer)
(17737) Refer to Table 3-2. Aruba's opportunity cost of one cooler is
A. 0.4 radio and Iceland's opportunity cost of one cooler is 4 radios
B. 0.4 radio and Iceland's opportunity cost of one cooler is 0.25 radio.
C. 2.5 radios and Iceland's opportunity cost of one cooler is 4 radios.
D. 2.5 radios and Iceland's opportunity cost of one cooler is 0.25 radio.
Table 3-2
Assume that Aruba and Iceland can switch between producing coolers and producing radios at a constant rate.
Labor Hours Needed to Make 1
Cooler
2
1
Radio 5
4
Aruba
Iceland
Exit 26
