09. If Portugal has a total of 90 man-hours of resources available for production, while England has only 30, what are the resource costs of wine and cloth ? a) wine costs 2 man-hours/bottle and cloth costs 6 man-hours/yard in Portugal. b) wine costs 1 man-hour/bottle and cloth costs 1 man-hour/yard in Portugal. c) cloth costs 2 man-hours/yard and wine costs 1 man-hours/bottle in Portugal. d) wine costs 1/2 yards/bottle and cloth costs 2 bottles/yard in Portugal. PortugalEngland90908080707060605050PPF4040PPF303020201010 +1020304050 60102030405060clothclothwinewine

Answered: . If Portugal has a total of 90…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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09. If Portugal has a total of 90 man-hours of resources available for production, while England has only 30, what are the resource costs of wine and cloth ?

		a) wine costs 2 man-hours/bottle and cloth costs 6 man-hours/yard in Portugal.
		b) wine costs 1 man-hour/bottle and cloth costs 1 man-hour/yard in Portugal.
		c) cloth costs 2 man-hours/yard and wine costs 1 man-hours/bottle in Portugal.
		d) wine costs 1/2 yards/bottle and cloth costs 2 bottles/yard in Portugal.

Portugal
England
90
90
80
80
70
70
60
60
50
50
PPF
40
40
PPF
30
30
20
20
10
10 +
10
20
30
40
50 60
10
20
30
40
50
60
cloth
cloth
wine
wine

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England has 30 man-hours and Portugal has 90 man-hours.

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