Table 3-20 Assume that Brad and Theresa can switch between producing wheat and producing beef at a constant rate. Minutes Needed to Make 1 Bushel of
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Table 3-20
Assume that Brad and Theresa can switch between producing wheat and producing beef at
a constant rate.
Minutes Needed to Make 1
Bushel of Wheat
Pound of Beef
Brad
10
12
Theresa
6
10
Refer to Table 3-20. What is Brad's opportunity cost of producing one bushel of wheat?
O a. 5/6 pound of beef
O b. 6/5 pounds of beef
O c. 3/5 pounds of beef
O d. 5/3 pounds of beef

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Table 3-10
Assume that Japan and Korea can switch between producing cars and producing airplanes
at a constant rate.
Hours Needed to Make 1
Quantity Produced in 2400 Hours
Car
Airplane
Car
Airplane
Japan
30
150
80
16
Korea
50
150
48
16
Refer to Table 3-10. We could use the information in the table to draw a production
possibilities frontier for Japan and a second production possibilities frontier for Korea. If we
were to do this, measuring airplanes along the horizontal axis, then
O
a.
the slope of Japan's production possibilities frontier would be -5 and the slope of
Korea's production possibilities frontier would be -3.
O
b.
the slope of Japan's production possibilities frontier would be -0.2 and the slope of
Korea's production possibilities frontier would be -0.33.
O
C.
the slope of Japan's production possibilities frontier would be 0.2 and the slope of
Korea's production possibilities frontier would be 0.33.
O
d.
the slope of Japan's production possibilities frontier would be 5 and the slope of
Korea's production possibilities frontier would be 3.

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