The table below shows the quantities of rice and wheat that two countries can produce in a year if they specialize in the production of each good.

-Refer to the table above.The opportunity cost of producing 1 ton of rice in Country X is ________.

Question

The table below shows the quantities of rice and wheat that two countries can produce in a year if they specialize in the production of each good.
 
-Refer to the table above.The opportunity cost of producing 1 ton of rice in Country X is ________.

Quizplus · Accepted Answer

The opportunity cost of producing 1 ton of rice in Country X is the amount of wheat it has to give up to produce 1 ton of rice. In Country X, 1 ton of rice costs 3.2 tons of wheat (as that is the amount of wheat they can't produce if they are producing rice). Therefore, the answer is B.

The Table Below Shows the Quantities of Rice and Wheat