-Use the above table. Assuming constant opportunity costs, the opportunity cost of producing coffee in country Alpha is ________, and the opportunity cost of producing coffee in country Beta is ________.
A)0.33 ton of cookies; 2 tons of cookies
B)3 tons of cookies; 0.5 ton of cookies
C)0.375 ton of coffee; 2.25 tons of cookies
D)2.67 tons of cookies; 0.44 ton of coffee

Question

-Use the above table. Assuming constant opportunity costs, the opportunity cost of producing coffee in country Alpha is ________, and the opportunity cost of producing coffee in country Beta is ________.
A)0.33 ton of cookies; 2 tons of cookies 
B)3 tons of cookies; 0.5 ton of cookies 
C)0.375 ton of coffee; 2.25 tons of cookies 
D)2.67 tons of cookies; 0.44 ton of coffee

Quizplus · Accepted Answer

The opportunity cost of producing coffee in country Alpha is 0.33 ton of cookies, and the opportunity cost of producing coffee in country Beta is 2 tons of cookies. This is because in country Alpha, 1 ton of coffee can be produced with 0.33 ton of cookies, and in country Beta, 1 ton of coffee can be produced with 2 tons of cookies.

-Use the Above Table