In a single year,the Netherlands can raise 100 tonnes of beef or produce 1 000 boxes of tulips.In the same growing season,Belgium can raise 50 tonnes of beef or produce 750 boxes of tulips.In autarky,the opportunity cost of 1 tonne of beef in the Netherlands is:

Question

Quizplus · Accepted Answer

The opportunity cost of 1 tonne of beef in the Netherlands is the alternative product that they would have to give up in order to produce 1 tonne of beef. In this case, the Netherlands could produce 10 boxes of tulips instead of 1 tonne of beef. Therefore, the opportunity cost of 1 tonne of beef is 10 boxes of tulips.

In a Single Year,the Netherlands Can Raise 100 Tonnes of Beef