Use the following to answer question(s):
Exhibit: Bicycles and Radishes 1

-(Exhibit: Bicycles and Radishes 1) The exhibit shows production possibilities curves for two countries that produce only radishes and bicycles. The axes of both graphs are measured in equivalent units. Country A is now operating at point M, and Country B is now operating at point N. The opportunity cost of producing an additional ton of radishes would be greater in:
A) Country A.
B) Country B.
C) neither; the opportunity cost would be the same in both countries.
D) there is not enough information given to answer the question.

Question

Use the following to answer question(s): 
Exhibit: Bicycles and Radishes 1
 
-(Exhibit: Bicycles and Radishes 1) The exhibit shows production possibilities curves for two countries that produce only radishes and bicycles. The axes of both graphs are measured in equivalent units. Country A is now operating at point M, and Country B is now operating at point N. The opportunity cost of producing an additional ton of radishes would be greater in:
A) Country A. 
B) Country B. 
C) neither; the opportunity cost would be the same in both countries. 
D) there is not enough information given to answer the question.

Quizplus · Accepted Answer

According to the exhibit, the slope of the production possibility curve of Country A is steeper at point M than the slope of the production possibility curve of Country B at point N. This means that Country A has a higher opportunity cost of producing an additional ton of radishes compared to Country B. Therefore, the answer is B: Country B.

Use the Following to Answer Question(s)