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 beef:

Question

Quizplus · Accepted Answer

The opportunity cost of producing 1 tonne of beef in the Netherlands is 10 boxes of tulips (1000/100), while in Belgium it is 15 boxes of tulips (750/50). Therefore, the opportunity cost of beef is lower in the Netherlands.

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