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Suppose that in a day a worker in the United States can produce 10 bushels of corn or 2 shirts. In Russia a worker can produce 9 bushels of corn or 3 shirts in one day. The opportunity cost of a shirt in the United States is ______ bushels of corn.

Respuesta :

Answer:

5 bushels of corn

Explanation:

The term opportunity cost refers to the loss from some potential gain when one alternative is chosen while leaving the other opportunities.

In United States, a worker in a day can produce 10 bushels of corn or can produce 2 shirts.

Thus the ratio is

      10 bushels of corn :  2 shirts

or     5 bushels of corn :  1 shirts

Therefore the opportunity cost of a shirt in the United States is 5 bushels of corn.

Thus the answer is 5 bushels of corn.

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