Use the above table. Assuming constant opportunity costs, the opportunity cost of producing cookies in country Alpha is ________, and the opportunity cost of producing cookies in country Beta is ________

A) 0.33 ton of coffee; 2 tons of coffee
B) 3 tons of coffee; 0.5 ton of coffee
C) 0.375 ton of cookies; 2.25 tons of coffee
D) 2.67 tons of coffee; 0.44 ton of cookies

B

Economics

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If the price of labor increases, employers will hire more labor because it is more valuable

a. True b. False

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What will be an ideal response?

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