Assuming Portugal has 180 man-hours (mhrs) of labor resource available for production, and labor is the only resource, the per unit opportunity cost of cloth in Portugal is ____ bottles/yard.

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17. Assuming Portugal has 180 man-hours (mhrs) of labor resource available for production, and labor is the only resource, the per unit opportunity cost of cloth in Portugal is ____ bottles/yard. (Please do NOT reduce fractions to decimals.)

90
Portugal-
80
70
60
50
PPF
40
30
20
10
10
20
30
40
50
60
cloth
wine
Transcribed Image Text:90 Portugal- 80 70 60 50 PPF 40 30 20 10 10 20 30 40 50 60 cloth wine
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Opportunity cost is the benefit that is derived from the not chosen alternative.

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