You have 3 attempts remaining. 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 128 115 18 96 45 64 67 25 81 90 What is the opportunity cost of an action that increases fish production from 45 to 67? Opportunity Cost = Corn What is the opportunity cost of an action that increases corn production from 25 to 64? Opportunity Cost = Fish

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
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You have 3 attempts remaining.
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
128
115
18
96
45
64
67
25
81
90
What is the opportunity cost of an action that increases fish production from 45 to 67?
Opportunity Cost =
Corn
What is the opportunity cost of an action that increases corn production from 25 to 64?
Opportunity Cost =
Fish
Transcribed Image Text:You have 3 attempts remaining. 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 128 115 18 96 45 64 67 25 81 90 What is the opportunity cost of an action that increases fish production from 45 to 67? Opportunity Cost = Corn What is the opportunity cost of an action that increases corn production from 25 to 64? Opportunity Cost = Fish
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