Assume Country A and Country B each have the same amount of resources with which to produce wheat and corn and they produce no other goods.The values in Table 17.2 represent the maximum amount of each good that can be produced.
Table 17.1 - Full-employment output of goods
-Based on the information in Table 17.2,the opportunity cost of producing 1 bushel of corn in Country B is:

Question

Assume Country A and Country B each have the same amount of resources with which to produce wheat and corn and they produce no other goods.The values in Table 17.2 represent the maximum amount of each good that can be produced.
Table 17.1 - Full-employment output of goods 
-Based on the information in Table 17.2,the opportunity cost of producing 1 bushel of corn in Country B is:

Quizplus · Accepted Answer

The opportunity cost of producing 1 bushel of corn in Country B is 9/2 of a bushel of wheat because in Country B, 9 bushels of wheat can be produced with the same resources that are used to produce 2 bushels of corn.

Assume Country a and Country B Each Have the Same