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Suppose that Spain and France both produce ships and grapes which are sold for the same price In both countries. The table below shows the combinations of the two goods that each country can produce

Suppose that Spain and France both produce ships and grapes, which are sold for the same price In both countries. The table below shows the combinations of the two goods that each country can produce in one year using the same amounts of capital and labor. What is the opportunity cost of producing one ship (in terms of tons of grapes) for France? Provide your answer as a number rounded to two decimal places. Do not include any symbols, such as ", " ", " "%," or ,"in your answer. Ships 0 10 20 30 40 50 Spain Grapes (in tons) 75 60 45 30 15 0 Ships 0 15 30 45 60 France Grapes (in tons) 50 40 30 20 10 0 75

Apr 12 2021 View more View Less

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