Opportunity Costs Of One car (in terms of tons of grain given up) One ton of grain (in terms of cars given up) U.S. 2 ½ or 2.5 2/5 or 0.4 Japan 1 ¼ or 1.25 4/5 or 0.8 Interdependence and Gains from Trade …

1 Ean 2026 · Business Economics Economics questions and answers Opportunity Cost of1 Car1 Ton of Grain (In terms of tons of grain given up) (In terms of cars given up)United …

Opportunity cost of one ton of grain (in terms of cars): Each ton of grain takes 0.2 workers, who could have produced 0.2×4 = 0.8 cars. Thus, the opportunity cost of one ton of grain is 0.8 cars.

c. Because a U.S. worker produces either 4 cars or 10 tons of grain, the opportunity cost of one car is 2 1/2 tons of grain, which is 10/4. Because a Japanese worker produces either 4 cars or 5 tons of grain, …

Find step-by-step solutions and answers to Exercise 2c from Principles of Microeconomics - 9781285165905, as well as thousands of textbooks so you can move forward with confidence.

Opportunity Costs Of One car (in terms of tons of grain given up) One ton of grain (in terms of cars given up) U.S. 2.5 .4 Japan 1.25 .8 Table 2 Interdependence and Gains From Trade Which country has an …

Complete the following table by determining the opportunity cost of a car and of a ton of grain for both the United States and Japan. Opportunity Cost of 1 Car 1 Ton of Grain (In terms of tons of grain given …

Opportunity Costs and Production Quantities To determine the quantities of cars and grain produced by each country without trade, we first need to understand the opportunity costs provided. Opportunity …