A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule. The opportunity cost of producing the 31st unit of wheat is approximately
A)25 units of steel.
B)0 units of steel.
C)1 unit of steel.
D)1/25 of a unit of steel.

Question

A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule.  The opportunity cost of producing the 31st unit of wheat is approximately
A)25 units of steel. 
B)0 units of steel. 
C)1 unit of steel. 
D)1/25 of a unit of steel.

Quizplus · Accepted Answer

The Answer of A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule.  The opportunity cost of producing the 31st unit of wheat is approximately
A)25 units of steel. 
B)0 units of steel. 
C)1 unit of steel. 
D)1/25 of a unit of steel.

A Nation Can Produce Two Products: Steel and Wheat