The figure above shows the production possibilities frontiers for the United Kingdom and France. What is the opportunity cost of one bushel of wheat in the U.K.? 100 pounds of fish O 1/4 pound of fish 4 pounds of fish O2 pounds of fish O 1 pound of fish

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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36
The figure above shows the production possibilities
frontiers for the United Kingdom and France. What
is the opportunity cost of one bushel of wheat in the
U.K.?
O 100 pounds of fish
1/4 pound of fish
4 pounds of fish
O 2 pounds of fish
O 1 pound of fish
Transcribed Image Text:The figure above shows the production possibilities frontiers for the United Kingdom and France. What is the opportunity cost of one bushel of wheat in the U.K.? O 100 pounds of fish 1/4 pound of fish 4 pounds of fish O 2 pounds of fish O 1 pound of fish
Fish (thousands of pounds per year)
250
200
150
100
50
0
U.K. PPF
French PPF
100 200 300
400 500
Wheat (thousands of bushels per year)
Transcribed Image Text:Fish (thousands of pounds per year) 250 200 150 100 50 0 U.K. PPF French PPF 100 200 300 400 500 Wheat (thousands of bushels per year)
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