67%(6)4 out of 6 people found this document helpful
This preview shows page 1 - 2 out of 2 pages.
Unit 2—Production Possibilities and Comparative Advan-tageAcres planted with coffeeProductionCoffeeTea 001011921.9832.7743.4654564.5474.9385.2295.41105.50A farmer has 10 acres of land and has to choose between planting coffee trees and tea bushes. The ta-ble shows the production (inthousands of pounds) of coffeeand tea as a function of the num-ber of acres planted with coffee.In the space below, graph the pro-duction possibility frontier be-tween coffee and tea.
Based on the table and your graph, which of the following combination(s) of coffee and tea output is (are) attainable?
What is the opportunity cost in terms of tea of increasing coffee production from