Switzerland can either produce 1 pound of cheese or 2 pounds of chocolate in an hour. In this example, what product is the opportunity cost per hour for Switzerland if they choose to produce only chocolate?

Question

Responses

1 pound of cheese
1 pound of cheese

2 pounds of chocolate
2 pounds of chocolate

2 pounds of cheese
2 pounds of cheese

1 pound of chocolate

Answer 1

1 pound of cheese