worker in Bangladesh could work building a boat instead of making shirts, but he or she would need to spend 3,000 hours to make one boat. Imagine that a worker in Scotland is paid $25 an hour and he or she can make four shirts every hour. A worker in Scotland could work building a boat instead of making shirts, but he or she would need to spend 100 hours to make one boat. What is the opportunity cost for a worker in Scotland to build a boat? a. 4 shirts b. 100 shirts C. 400 shirts d. 1,000 shirts

worker in Bangladesh could work building a boat instead of making shirts, but he or she would need to spend 3,000 hours to make one boat. Imagine that a worker in Scotland is paid $25 an hour and he or she can make four shirts every hour. A worker in Scotland could work building a boat instead of making shirts, but he or she would need to spend 100 hours to make one boat. What is the opportunity cost for a worker in Scotland to build a boat? a. 4 shirts b. 100 shirts C. 400 shirts d. 1,000 shirts

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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