In a single year,the Netherlands can raise 100 tons of beef or produce 1,000 boxes of tulips.In the same growing season,Belgium can raise 50 tons of beef or produce 750 boxes of tulips.In autarky,the opportunity cost of beef:

Question

Quizplus · Accepted Answer

The opportunity cost of producing beef in the Netherlands is 10 boxes of tulips per ton of beef (1,000 boxes of tulips / 100 tons of beef), while in Belgium it is 15 boxes of tulips per ton of beef (750 boxes of tulips / 50 tons of beef). Therefore, the opportunity cost of beef is lower in the Netherlands than in Belgium.

In a Single Year,the Netherlands Can Raise 100 Tons of Beef