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QUESTION 6 Alternate outputs from one days labor input: India: 1600 bushels of wheat or 400 yards of textiles. Mexico: 250 b
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Ans. 6. d. 0.25 yard of textiles

The opportunity cost of one bushel of wheat in India

1600 bushel wheat - 400 yards of textiles

1 bushel of wheat - 400/1600 yards of textiles

1 bushel of wheat - 0.25 yard of textiles

Hence, the opportunity cost of one bushel of wheat in India is 0.25 yards of textiles.

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