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-(Table: The Production Possibilities for Tractors and Crude Oil)Use Table: The Production Possibilities for Tractors and Crude Oil.In the United States,the opportunity cost of producing 30,000 barrels of crude oil is _____ tractors.

Question

Use the following to answer question: 
-(Table: The Production Possibilities for Tractors and Crude Oil)Use Table: The Production Possibilities for Tractors and Crude Oil.In the United States,the opportunity cost of producing 30,000 barrels of crude oil is _____ tractors.

Quizplus · Accepted Answer

The opportunity cost is calculated by determining how many tractors are foregone to produce 30,000 barrels of crude oil. According to the table, producing 30,000 barrels of crude oil costs 60 tractors.

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