Refer to the information provided in Table 33.2 below to answer the question(s) that follow.Table 33.2ChinaThail andTractorsTractorsMotorcyclesMotorcycles30022530025010200101501515015752010020255030Refer to Table 33.2. In Thailand, the opportunity cost ofSelect one:O A. a motorcycle is 1/15 of a tractor.O B. a motorcycle is 15 tractors.O C. a tractor is 20 motorcycles.O D. a motorcycle is 1/30 of a tractor.

Opportunity cost refers to a benefit of individual or business misses out to choose another…

Refer to the information provided in Table 33.2 below to answer the question(s) that follow. Table 33.2 China Thail and Tractors Tractors Motorcycles Motorcycles 300 300 250 225 150 10 200 10 15 150 15 75 20 100 20 25 50 30 Refer to Table 33.2. In Thailand, the opportunity cost of Select one: O A. a motorcycle is 1/15 of a tractor. O B. a motorcycle is 15 tractors. Oc. a tractor is 20 motorcycles. O D. a motorcycle is 1/30 of a tractor.

Refer to the information provided in Table 33.2 below to answer the question(s) that follow. Table 33.2 China Thail and Tractors Tractors Motorcycles Motorcycles 300 300 250 225 150 10 200 10 15 150 15 75 20 100 20 25 50 30 Refer to Table 33.2. In Thailand, the opportunity cost of Select one: O A. a motorcycle is 1/15 of a tractor. O B. a motorcycle is 15 tractors. Oc. a tractor is 20 motorcycles. O D. a motorcycle is 1/30 of a tractor.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 6P

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