Question

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 France?

• A. 1 pound of fish
• B. 100 pounds of fish
• C. 4 pounds of fish
• D. 2 pounds of fish
• E. 1/4 of a pound of fish

Answer 1

The graph is needed to solve this problem. But in order to do it, find your maximum potential production of fish and divide by your maximum potential production of fish.