North Korea Unveils "Most Powerful Weapon" Pyongyang-North Korea today unveiled what it is calling "the world's most powerful weapon." The Pukguksong-3 is a submarine-launched ballistic missile (SLBM) capable of carrying nuclear warheads. It follows the unveiling of the super-large, land-based Pukguksong-4 missile unveiled at last October's military parade. According to a United Nations Security Council report, North Korea has accelerated its missile and nuclear programs, despite U.N. sanctions. Critics point out that Kim Jong-un's missile ambitions are not only a threat to world peace but also a burden on North Korea's population. A single missile test costs more than $1.3 billion, enough money to purchase 5 million tons of corn on the world market-food the Korean people desperately need. Source: United Nations and media reports of January-February 2021. According to the News Wire, what is the opportunity cost of a single missile cest in terms of corn for each of North Korea's 26 million people? nstructions: Round your response to two decimal places. ton(s) of corn per person
North Korea Unveils "Most Powerful Weapon" Pyongyang-North Korea today unveiled what it is calling "the world's most powerful weapon." The Pukguksong-3 is a submarine-launched ballistic missile (SLBM) capable of carrying nuclear warheads. It follows the unveiling of the super-large, land-based Pukguksong-4 missile unveiled at last October's military parade. According to a United Nations Security Council report, North Korea has accelerated its missile and nuclear programs, despite U.N. sanctions. Critics point out that Kim Jong-un's missile ambitions are not only a threat to world peace but also a burden on North Korea's population. A single missile test costs more than $1.3 billion, enough money to purchase 5 million tons of corn on the world market-food the Korean people desperately need. Source: United Nations and media reports of January-February 2021. According to the News Wire, what is the opportunity cost of a single missile cest in terms of corn for each of North Korea's 26 million people? nstructions: Round your response to two decimal places. ton(s) of corn per person
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Just drawing a blank. Don't you divide 1.3 million by 5 million and then multiple by 100?

Transcribed Image Text:Problem 01-09
NEWS WIRE: OPPORTUNITY COST
Check my work
North Korea Unveils "Most Powerful Weapon"
Pyongyang-North Korea today unveiled what it is calling "the world's
most powerful weapon." The Pukguksong-3 is a submarine-launched
ballistic missile (SLBM) capable of carrying nuclear warheads. It
follows the unveiling of the super-large, land-based Pukguksong-4
missile unveiled at last October's military parade. According to a
United Nations Security Council report, North Korea has accelerated
its missile and nuclear programs, despite U.N. sanctions. Critics
point out that Kim Jong-un's missile ambitions are not only a threat
to world peace but also a burden on North Korea's population. A
single missile test costs more than $1.3 billion, enough money to
purchase 5 million tons of corn on the world market-food the Korean
people desperately need.
Source: United Nations and media reports of January-February 2021.
According to the News Wire, what is the opportunity cost of a single missile
test in terms of corn for each of North Korea's 26 million people?
Instructions: Round your response to two decimal places.
ton(s) of corn per person
ution will
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