Figure 2.2

Figure 2.2 above shows the production possibilities frontier for Atikamekw Cree (ca. 1600)with a historical tradition of fishing and farming. Assume they produce two goods: fish and grains
-Refer to Figure 2.2.What is the opportunity cost of one kilogram of grain?

Question

Figure 2.2
  
Figure 2.2 above shows the production possibilities frontier for Atikamekw Cree (ca. 1600)with a historical tradition of fishing and farming. Assume they produce two goods: fish and grains
-Refer to Figure 2.2.What is the opportunity cost of one kilogram of grain?

Quizplus · Accepted Answer

The opportunity cost of one kilogram of grain is $\frac{3}{4}$ kilograms of fish, because that is the amount of fish that must be given up in order to produce one kilogram of grain.

Figure 22 Figure 2 34\frac{3}{4}43​ Kilograms of Fish B)1

Figure 22

Figure 2 $\frac{3}{4}$ Kilograms of Fish
B)1