wine Portugal England 50 40 88285432 90 80 90 80 70 70 60 wine 30 CPF 20 PPF 10. 0 8885432 60. CPF 50 40 30 PPF 20 10. 0+ 0 10 20 30 40 50 60 cloth 0 10 20 30 40 50 60 10. If Portugal has a total of 120 man-hours of resources available for production, while England has only 90, what are the resource costs of wine and cloth? O (a) wine costs 1 man-hour/bottle and cloth costs 1 man-hour/yard in Portugal. O (b) cloth costs 4 man-hours/yard and wine costs 2 man-hours/bottle in Portugal. O (c) cloth costs 4 man-hours/yard and wine costs 2 man-hours/bottle in England. (d) wine costs 2 man-hours/bottle and cloth costs 3 man-hours/yard in England. O (e) wine costs 4/3 man-hours/bottle and cloth costs 4 man-hours/yard in Portugal cloth

wine Portugal England 50 40 88285432 90 80 90 80 70 70 60 wine 30 CPF 20 PPF 10. 0 8885432 60. CPF 50 40 30 PPF 20 10. 0+ 0 10 20 30 40 50 60 cloth 0 10 20 30 40 50 60 10. If Portugal has a total of 120 man-hours of resources available for production, while England has only 90, what are the resource costs of wine and cloth? O (a) wine costs 1 man-hour/bottle and cloth costs 1 man-hour/yard in Portugal. O (b) cloth costs 4 man-hours/yard and wine costs 2 man-hours/bottle in Portugal. O (c) cloth costs 4 man-hours/yard and wine costs 2 man-hours/bottle in England. (d) wine costs 2 man-hours/bottle and cloth costs 3 man-hours/yard in England. O (e) wine costs 4/3 man-hours/bottle and cloth costs 4 man-hours/yard in Portugal 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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