Opportunity Costs (Unit 2) Sri Lanka and Peru produce cloth and fish according to the following table: Sri Lanka k Peru Cloth (millions) 19 15 Fish (millions) 21 18 What is Peru's cost of making 23 units of cloth? (i.e. its opportunity cost) Round your answer to two (2) decimal places, and include units of "cloth" or "fish", eg. "31.62 cloth or 15.71 fish"
Opportunity Costs (Unit 2) Sri Lanka and Peru produce cloth and fish according to the following table: Sri Lanka k Peru Cloth (millions) 19 15 Fish (millions) 21 18 What is Peru's cost of making 23 units of cloth? (i.e. its opportunity cost) Round your answer to two (2) decimal places, and include units of "cloth" or "fish", eg. "31.62 cloth or 15.71 fish"
Chapter18: International Trade And Finance
Section: Chapter Questions
Problem 1SQP
Question
![Opportunity Costs (Unit 2)
Sri Lanka and Peru produce cloth and fish according to the following table:
Sri Lanka k
Peru
Cloth (millions)
19
15
Fish (millions)
21
18
What is Peru's cost of making 23 units of cloth? (i.e. its opportunity cost)
Round your answer to two (2) decimal places, and include units of "cloth" or "fish",
eg. "31.62 cloth or 15.71 fish"](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2a7d9d83-b0a7-4582-9a8e-ba0342049133%2F9afc835e-04d7-417d-a5d7-ac482ca09e6c%2F8y4xqge_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Opportunity Costs (Unit 2)
Sri Lanka and Peru produce cloth and fish according to the following table:
Sri Lanka k
Peru
Cloth (millions)
19
15
Fish (millions)
21
18
What is Peru's cost of making 23 units of cloth? (i.e. its opportunity cost)
Round your answer to two (2) decimal places, and include units of "cloth" or "fish",
eg. "31.62 cloth or 15.71 fish"
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