The table below shows various combinations of amounts of fish and corn that can be produced simultaneously in an economy, measured in millions of pounds. Corn Fish 143 128 12 107 30 71 45 28 54 60 What is the opportunity cost of an action that increases fish production from 30 to 45? Opportunity Cost= . Corn What is the opportunity cost of an action that increases corn production from 28 to 71? Opportunity Cost = Fish
The table below shows various combinations of amounts of fish and corn that can be produced simultaneously in an economy, measured in millions of pounds. Corn Fish 143 128 12 107 30 71 45 28 54 60 What is the opportunity cost of an action that increases fish production from 30 to 45? Opportunity Cost= . Corn What is the opportunity cost of an action that increases corn production from 28 to 71? Opportunity Cost = Fish
Chapter2: Scarcity And Opportunity Costs
Section: Chapter Questions
Problem 4E
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Transcribed Image Text:The table below shows various combinations of amounts of fish and corn that can be produced simultaneously in an economy.
measured in millions of pounds.
Corn Fish
143
128
12
107
30
71
45
28
54
60
What is the opportunity cost of an action that increases fish production from 30 to 45?
Opportunity Cost =
. Con
What is the opportunity cost of an action that increases corn production from 28 to 71?
Opportunity Cost =
* Fish
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