We could use the information in the table to draw a production possibilities fro

Question

We could use the information in the table to draw a production possibilities frontier for England and a second production possibilities frontier for France. If we were to do this, measuring cheese along the horizontal axis, then

Hours Needed to Make 1 Unit of Cheese 2 4 Wine 4 England France Refer to Table 3-3. We could use the information in the table to draw a production possibilities frontier for England and a second production possibilities frontier for France. If we were to do this, measuring cheese along the horizontal axis, then the slope of England's production possibilities frontier would be -0.25 and the slope of France's production possibilities frontier would be -4. the slope of England's production possibilities frontier would be -4 and the slope of France's production possibilities frontier would be -0.25 the slope of England's production possibilities frontier would be -0.5 and the slope of France's production possibilities frontier would be -4. the slope of England's production possibilities frontier would be -4 and the slope of France's production possibilities frontier would be -2. the slope of England's production possibilities frontier would be -0.5 and the slope of France's production possibilities frontier would be -2

Explanation / Answer

Ans) the correct option is the slope of England’s production possibilities frontier would be -0.5 and the slope of France’s production possibilities frontier would be -4.

Slope of PPF is the opportunity cost.

Opportunity cost of cheese in England = 2/4 = 0.5

Opportunity cost of cheese in France = 4/1 = 4

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