Question

U.S. and Mexico both produce vehicles and tons of plastic, which are sold for the same price in both countries. Suppose that with one unit of labor and one unit of capital, the U.S. can produce either 20 vehicles or 45 tons of plastic and Mexico can produce either 10 vehicles or 17 tons of plastic. What is the opportunity cost of producing one ton of plastic (in terms of vehicles) for Mexico? Provide your answer as a number rounded to two decimal places. Do not include any symbols, such as "s,." " "%," or "," in your answer. Your Answer: Answer Question 8 (1 point) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows the combinations of the two goods that each country can produce in one year using the same amounts of capital and labor. What is the opportunity cost of producing one ton of grapes (in terms of ships) for Spain? Provide your answer as a number decimal places. rounded to two %," or ," in your answer Do not include any symbols, such as "S, France Spain Grapes (in tons) 50 40 Ships Grapes (in tons) 75 Ships 10 45 30 15 30 45 75

Answer 1

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