Question: This question is based on the following table which shows the output combinations of food and clothing available to an isolated city: Possibilities Clothing (tons)

This question is based on the following table which shows the output combinations of food and clothing available to an isolated city:

Possibilities Clothing (tons) Food (tons)

A 0 600

B 50 500

C 100 400

D 150 300

E 200 200

F 250 100

G 300 0

From the given information, the opportunity cost of 50 tons of clothing is:

Group of answer choices

a. 50 tons of food.

b. 100 tons of food.

c. 200 tons of food.

d. 300 tons of food.

e. 400 tons of food.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!