Question

Question

In 2 hours, China can produce 6 bottles of milk. In 5 hours, it can produce 15 batches of pumpkins. What is the country's
opportunity cost of producing 1 bottle of milk (in terms of batches of pumpkins)?
your answer below:

Answer 1

China's opportunity cost of producing 1 bottle of milk is equal to one batch of pumpkins.

Step-by-step explanation:

Given that in 2 hours, China can produce 6 bottles of milk, and in 5 hours, it can produce 15 batches of pumpkins, to determine what is the country's opportunity cost of producing 1 bottle of milk (in terms of batches of pumpkins), the following calculation must be performed:

Milk = 6/2 = 3 per hour

Batches of pumpkins = 15/5 = 3 per hour

3/3 = 1

Therefore, China's opportunity cost of producing 1 bottle of milk is equal to 1 batch of pumpkins.