Assume that England and Holland can switch between producing milk and oats at a constant rate. Milk Number of Units Produced in an Hour England 10 Holland 8 Table Oats 4 6 We could use the information in the table to draw a production possibilities frontier for England and a second production possibilities frontier for Holland. If we were to do England's opportunity cost of milk is 2.5. we can't calculate opportunity cost with one point. O the slope of England's production possibilities frontier would be 4/10 for milk and the slope of Holland's production possibilities frontier would be 3/4 for milk O the slope of Holland's PPF is 1.

Assume that England and Holland can switch between producing milk and oats at a constant rate. Table Number of Units Produced in an Hour We could use the information in the table to draw a production possibilities frontier for England and a second production possibilities frontier for Holland. If we were to do this, England's opportunity cost of milk is 2.5 . we can't calculate opportunity cost with one point. the slope of England's production possibilities frontier would be 4/10 for milk and the slope of Holland's production possibilities frontier would be 3/4 for milk the slope of Holland's PPF is 1