A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule. In moving from combination E to F, the opportunity cost of an additional unit of steel is
A) 5 units of steel.
B) 0 units of wheat.
C) 1 unit of steel.
D) 30 units of wheat.

Question

A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule.  In moving from combination E to F, the opportunity cost of an additional unit of steel is
A) 5 units of steel. 
B) 0 units of wheat. 
C) 1 unit of steel. 
D) 30 units of wheat.

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.  In moving from combination E to F, the opportunity cost of an additional unit of steel is
A) 5 units of steel. 
B) 0 units of wheat. 
C) 1 unit of steel. 
D) 30 units of wheat.

A Nation Can Produce Two Products: Steel and Wheat