The tables give production possibilities data for two countries, Alpha and Beta, which have populations of equal size. $ \quad$$ \quad$$ \quad$$ \quad$$ \quad$$ \quad$$ \quad$$\text { Alpha's production possibilities }$
$\begin{array}{|c|c|c|c|c|c|}
\hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } \
\hline \text { Fish (Tons) } & 80 & 60 & 40 & 20 & 0 \
\hline \text { Chips (Tons) } & 0 & 5 & 10 & 15 & 20 \
\hline
\end{array}$ $ \quad$$ \quad$$ \quad$$ \quad$$ \quad$$ \quad$$ \quad$$\text { Beta's production possibilities }$
$\begin{array}{|c|c|c|c|c|c|}
\hline& \mathrm{A} & \mathrm{B} & \mathrm{C} & \mathrm{D} & \mathrm{E} \
\hline \text { Fish (Tons) } & 240 & 180 & 120 & 60 & 0 \
\hline \text { Chips (Tons) } & 0 & 10 & 20 & 30 & 40\
\hline
\end{array}$ The domestic opportunity cost of

Question

The tables give production possibilities data for two countries, Alpha and Beta, which have populations of equal size. $ \quad$$ \quad$$ \quad$$ \quad$$ \quad$$ \quad$$ \quad$$\text { Alpha's production possibilities }$
$\begin{array}{|c|c|c|c|c|c|}
\hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } \
\hline \text { Fish (Tons) } & 80 & 60 & 40 & 20 & 0 \
\hline \text { Chips (Tons) } & 0 & 5 & 10 & 15 & 20 \
\hline
\end{array}$ $ \quad$$ \quad$$ \quad$$ \quad$$ \quad$$ \quad$$ \quad$$\text { Beta's production possibilities }$
$\begin{array}{|c|c|c|c|c|c|} 
\hline& \mathrm{A} & \mathrm{B} & \mathrm{C} & \mathrm{D} & \mathrm{E} \
\hline \text { Fish (Tons) } & 240 & 180 & 120 & 60 & 0 \
\hline \text { Chips (Tons) } & 0 & 10 & 20 & 30 & 40\
\hline
\end{array}$ The domestic opportunity cost of

Quizplus · Accepted Answer

To find the opportunity cost of producing a ton of chips, we need to compare the amount of fish that could have been produced instead. In Alpha, producing one ton of chips costs 60 tons of fish (from B to A), while in Beta it costs 180 tons of fish (from B to A). Therefore, Beta has a higher opportunity cost for producing a ton of chips, making Alpha a better choice for producing chips.

The Tables Give Production Possibilities Data for Two Countries, Alpha \quad

The Tables Give Production Possibilities Data for Two Countries, Alpha $\quad$