The Tables Give Production Possibilities Data for Two Countries, Alpha ${ \text { Alpha's production possibilities } }$

question 22

Multiple Choice

The tables give production possibilities data for two countries, Alpha and Beta, which have populations of equal size.
${ \text { Alpha's production possibilities } }$
$\begin{array}{l}\begin{array} { | l | c | c | c | c | c | } \hline & A & B & C & D & E \\\hline \text { Fish (Tons) } & 80 & 60 & 40 & 20 & 0 \\\hline \text { Chips (Tons) } & 0 & 5 & 10 & 15 & 20 \\\hline\end{array}\\\\\\{ \text { Beta's production possibilities } } \\\begin{array} { | l | c | c | c | c | c | } \hline & A & B & C & D & E \\\hline \text { Fish (Tons) } & 240 & 180 & 120 & 60 & 0 \\\hline \text { Chips (Tons) } & 0 & 10 & 20 & 30 & 40 \\\hline\end{array}\end{array}$ The domestic opportunity cost of

• A) producing a ton of chips in Alpha is 1/5 of a ton of ?sh. \[1 / 5\]
• B) producing a ton of chips in Beta is 6 tons of ?sh.
• C) catching a ton of ?sh in Alpha is 5 tons of chips.
• D) catching a ton of ?sh in Beta is 6 tons of chips.

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Definitions:

Justifiably Relies

A principle where a party reasonably depends on the statements or actions of another, typically in a legal or contractual context.

Remaining Partners

The partners who continue the business after one or more partners depart.

Dissolution

The process of formally ending or dissolving a business or partnership, often through legal means.

Liquidated

Process of converting assets into cash or to settle a debt.