(The following economy produces two products.) Production Possibilities Table
Refer to the above table.A change from possibility B to C means that:

Question

(The following economy produces two products.) Production Possibilities Table
  Refer to the above table.A change from possibility B to C means that:

Quizplus · Accepted Answer

Moving from possibility B to C involves giving up 15 units of wheat to produce one more unit of steel. This means that the opportunity cost of producing one more unit of steel increases as more steel is produced, indicating that the economy is facing increasing opportunity costs. Therefore, the most efficient point of production for this economy would be at possibility B, where they produce 10 units of steel and 60 units of wheat.

(The Following Economy Produces Two Products