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 1 ton of beef in the Netherlands is:

Question

Quizplus · Accepted Answer

The opportunity cost of 1 ton of beef in the Netherlands is the amount of tulips that could have been produced instead. In the Netherlands, 1 ton of beef could have been exchanged for 10 boxes of tulips (since 1,000 boxes/100 tons = 10 boxes/ton). Therefore, the opportunity cost of 1 ton of beef is 10 boxes of tulips. Choice C is the closest option.

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