Use the basis of the following information.
Country E can produce 10 tons of coal or 2 tons of wheat with one unit of resources.
Country F can produce 10 tons of coal or 5 tons of wheat with one unit of resources.
-The opportunity costs of producing 1 ton of coal in Country E and in Country F are, respectively:

Question

Quizplus · Accepted Answer

The opportunity cost of producing 1 ton of coal in Country E is the amount of wheat that could have been produced with the resources used to produce that coal. In Country E, 1 ton of coal costs 1/5 ton of wheat (2 tons of wheat / 10 tons of coal). In Country F, it costs 1/2 ton of wheat (5 tons of wheat / 10 tons of coal).

Use the Basis of the Following Information