The fraction that represents the opportunity cost for the United States to produce corn is: B. 10/60.
Opportunity cost
Using this formula
Opportunity cost of producing corn to the United States= Units of diamonds / Units of corn
Where:
Units of diamonds=10
Units of corn=60
Let plug in the formula
Opportunity cost of producing corn to the United States= 10 / 60 diamonds
Therefore the fraction that represents the opportunity cost for the United States to produce corn is: B. 10⁄60.
The complete question are:
What is the opportunity cost for the United States to produce diamonds?
6 thousand units of corn
One-sixth of a thousand units of corn
4 thousand units of corn
One-fourth of a thousand units of corn
Chart:
United States
60 corn 10 diamonds
Congo
20 corn 5 diamonds
Which fraction represents the opportunity cost for the United States to produce corn?
A. 60⁄10
B. 10⁄60
C. 20⁄5
D. 5⁄20
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