Use the table below to answer the question below;
The international production set for Nigeria and Austria is;
| Products | Nigeria | Austria |
| Cocoa | 20 tonnes | 12 tonnes |
| Lace | 1o metres | 8 metres |
The Opportunity cost ratio tor cocoa and lace Tor Austria and Nigeria is_______
a
1.5:2
b
2:2
c
2:1.5
d
0.5:1.5
Explanation
Correct Option
aNo explanation available
Video Explanation
No video available
Post your Contribution
Share:
Discussions (8)
Cherish
4 months ago
Nigeria
20/10 = 2
Austria
12/8 = 1.5
opportunity cost of ratio (Austria:Nigeria) = 1.5:2
