What is the opportunity cost of obtaining extra ton of food

Reference no: EM133279164

Question - The economy of Magic Island has a labor force of only 100 workers. Each worker can only produce 4 tons of steel or 2 tons of food per week.

a. Draw Magic Island's PPF. Place food on the horizontal axis and steel on the vertical axis.

b. What is the opportunity cost of obtaining an extra ton of food?

Reference no: EM133279164

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