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The Table Above Presents the Production Possibilities of Farmer Brown

Question 398

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The table above presents the production possibilities of Farmer Brown. Use these data to calculate Farmer Brownʹs opportunity cost of additional beef as Farmer Brown moves from point A to B to C to D. Also use the data to calculate Farmer Brownʹs opportunity cost of additional wheat as Farmer Brown moves from point D to C to B to A. Based on these costs, does Farmer Brown use resources that are more productive in one activity than the other? Explain your answer.  Production  point  Fish  (pounds)  Berries  (pounds) A0 and 50B1 and 45C2 and 35D3 and 20E4 and 0\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Production } \\\text { point }\end{array} & \begin{array} { l } \text { Fish } \\\text { (pounds) }\end{array} && \begin{array} { l } \text { Berries } \\\text { (pounds) }\end{array} \\\hline A & 0 & \text { and } & 50 \\\hline B & 1 & \text { and } & 45 \\\hline C & 2 & \text { and } & 35 \\\hline D & 3 & \text { and } & 20 \\\hline E & 4 & \text { and } & 0 \\\hline\end{array}

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The opportunity cost of a pound of beef ...

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