The international production set for Nigeria and Austria ...
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 | 10 metres | 8 metres |
The Opportunity cost ratio for cocoa and lace for Austria and Nigeria is_______
1.5:2
2:2
2:1.5
0.5:1.5
Correct answer is A
No explanation has been provided for this answer.
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