Alpha can produce either 18 tons of oranges or 9 tons of apples in a year, while Omega can produce either 16 tons of oranges or 4 tons of apples. The opportunity costs of producing 1 ton of oranges in Alpha and Omega are _____, respectively.

Question

Quizplus · Accepted Answer

The opportunity cost of producing 1 ton of oranges in Alpha is 9 tons of apples (since Alpha can produce either 18 tons of oranges or 9 tons of apples in a year). The opportunity cost of producing 1 ton of oranges in Omega is 4 tons of apples (since Omega can produce either 16 tons of oranges or 4 tons of apples in a year).

Alpha Can Produce Either 18 Tons of Oranges or 9