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An Example China can produce 4, 000 wine/hour or Can produce 1, 333 cheese/hour Opportunity cost o c. of 1 cheese is 3 wine of 0 C. 1 unit of wine is 0.333 cheese One one wine cheese China 1/3 3 wine · Montenegro cheese can produce 1, 333 wine/hour or can produce 4,000 cheese/hour Montenegro 3 1/3 wine o c of 1 cheese is 0.333 wine cheese oC of 1 unit of wine is 3 cheese9 An Example • China – can produce 4,000 wine/hour or – Can produce 1,333 cheese/hour – o.c. of 1 cheese is 3 wine – o.c. 1 unit of wine is 0.333 cheese • Montenegro – can produce 1,333 wine/hour or – can produce 4,000 cheese/hour – o.c. of 1 cheese is 0.333 wine – oc. of 1 unit of wine is 3 cheese Opportunity cost of One wine one cheese China 1/3 cheese 3 wine Montenegro 3 cheese 1/3 wine
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