QUESTION 9 wine 90 80 70 60 50 40 30 20 10 0 0 England PPF 10 20 30 40 50 09. What is the relative price (opportunity cost of one yard) of cloth in Portugal? O a) 1/3 bottles of wine/yard Ob) 1/2 bottle of wine/yard O c) 4 man-hours/yard O d) 2 bottles of wine/yard Oe) 3 bottles of wine/yard 60 cloth wine 80 70 60 50 40 30 20 10 0 0 10 - Portugal PPF 20 30 40 50 60 cloth

QUESTION 9 wine 90 80 70 60 50 40 30 20 10 0 0 England PPF 10 20 30 40 50 09. What is the relative price (opportunity cost of one yard) of cloth in Portugal? O a) 1/3 bottles of wine/yard Ob) 1/2 bottle of wine/yard O c) 4 man-hours/yard O d) 2 bottles of wine/yard Oe) 3 bottles of wine/yard 60 cloth wine 80 70 60 50 40 30 20 10 0 0 10 - Portugal PPF 20 30 40 50 60 cloth

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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