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 wheat 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 wheat in Country X is ________.

Quizplus · Accepted Answer

To find the opportunity cost of producing 1 ton of wheat in Country X, we need to look at the ratio of rice to wheat in Country X. For every ton of wheat that Country X produces, it gives up the opportunity to produce 3.1 tons of rice (since the ratio of rice to wheat is 1:3.1). Therefore, the opportunity cost of producing 1 ton of wheat in Country X is 3.1 tons of rice. So, the correct answer is B.

The Table Below Shows the Quantities of Rice and Wheat