The accompanying table gives how many pairs of skis and sleds Denmark and Iceland can produce using one day’s worth of labor. Country Skis Sleds Denmark 4 12 Iceland 3 6 Use the the table to answer the following questions Round your answers to two decimal places as needed. What is Denmark’s opportunity cost of producing a pair of skis?

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
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Chapter18: Trading With Other Nations
Section: Chapter Questions
Problem 10AA
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The accompanying table gives how many pairs of skis and sleds Denmark and Iceland can produce using one day’s worth of labor.

Country Skis Sleds
Denmark 4 12
Iceland 3 6

Use the the table to answer the following questions

Round your answers to two decimal places as needed.

What is Denmark’s opportunity cost of producing a pair of skis?
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