Below is some hypothetical data for the countries of Canada and Mexico.(Assume that Canada has 10 million workers per month available and Mexico has 20 million. )
Canada's Production Possibilities
(Output in millions of bushels per month)
Mexico's Production Possibilities
(Output in millions of bushels per month)
Output Before Trade
(Output in millions of bushels per month)

-Refer to the information above to answer this question.What is the opportunity cost of 1 bushel of rye in Mexico?

Question

Below is some hypothetical data for the countries of Canada and Mexico.(Assume that Canada has 10 million workers per month available and Mexico has 20 million. )
Canada's Production Possibilities
(Output in millions of bushels per month)
  Mexico's Production Possibilities
(Output in millions of bushels per month)
  Output Before Trade
(Output in millions of bushels per month)
 
-Refer to the information above to answer this question.What is the opportunity cost of 1 bushel of rye in Mexico?

Quizplus · Accepted Answer

According to the production possibilities table for Mexico, if 1 bushel of rye is produced, then the opportunity cost of producing it is sacrificing the production of 2 bushels of beans. Therefore, the opportunity cost of 1 bushel of rye in Mexico is 2 bushels of beans.

As for the best choice(s) question, there is not enough information given in the provided data to determine the best choice(s).

Below Is Some Hypothetical Data for the Countries of Canada