--%>
Assignment Help - homework help

Computing opportunity cost of producing textiles rather food

Country C is able to generate seven pounds of food or four yards of textiles per unit of input. Calculate the opportunity cost of producing food rather than textiles.  Also, compute the opportunity cost of producing textiles rather than food.

E

Expert

Verified

The opportunity cost of producing food rather than textiles is one yard of textiles per 7/4 = 1.75 pounds of food.  The pound of food has an opportunity cost of 4/7 = .57 yards of textiles.

   Related Questions in Financial Accounting

  • Q : Foreign bonds and Eurobonds List some

    List some of the differences between the foreign bonds and Eurobonds and also describe why Eurobonds make up lion’s share of the international bond market.

    		•
  • Q : Advantages for giving Cash Discount

    What are various advantages for giving Cash Discount?

    		•
  • Q : Article on maintenance policy for plant

    Write an article on the maintenance policy for overall costs and enhancing plant productivity.

    		•
  • Q : European Monetary System Discuss the

    Discuss the workings and arrangements of European Monetary System (EMS).

    		•
  • Q : Measures to avoid financial crisis In

    In integrated world financial market, financial crisis in country is rapidly transmitted to the other countries, resulting in the global crisis. State some of the measures would you propose in order to avoid the recurrence of the Asia-type crisis.

    		•
  • Q : Define Asset Purchase Asset Purchase :

    Asset Purchase: Agreement between seller and buyer to obtain an organization's assets. In an asset purchase, only particular assets transfer ownership from seller to the buyer. Assets should be re-titled to the latest owner who has the capability to d

    		•
  • Q : Accountant & Financial In Business

    Questions 1. Identify the services or programs to be included in the cost and profitability analysis. 2. Examine the costs listed in Table 2. a. Identify the direct costs associated with each service or program. b. Which costs would be organization

    		•
  • Q : Ppe Question 3 The following

    Question 3 The following information is taken from the financi al statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had

    		•
  • Q : Characteristics of international and

    Explain characteristics of the international and the domestic banks.

    		•
  • Q : Currency trading at discount or at

    What is currency trading at discount or at premium in forward market?

    		•