The following production possibilities schedule shows the quantities of soybeans and oil that can each be produced in Canada and Mexico with one unit of equivalent resources.
TABLE 32-3
-Refer to Table 32-3.The opportunity cost of a barrel of oil in Canada is
A) 16.67 bushels of soybeans.
B) 6 bushels of soybeans.
C) 2.5 bushels of soybeans.
D) 1.25 barrels of oil.
E) 0.8 barrels of oil.
Correct Answer:
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