The following economy produces two products. Refer to the above table.The total opportunity cost of the three units of steel is:
A) 15 units of wheat.
B) 20 units of wheat.
C) 45 units of wheat.
D) 55 units of wheat. If this economy decides to produce three units of steel,it must give up 45 units of wheat (100 - 55 = 45).

Question

The following economy produces two products.  Refer to the above table.The total opportunity cost of the three units of steel is:
A) 15 units of wheat. 
B) 20 units of wheat. 
C) 45 units of wheat. 
D) 55 units of wheat. If this economy decides to produce three units of steel,it must give up 45 units of wheat (100 - 55 = 45).

Quizplus · Accepted Answer

The Answer of The following economy produces two products.  Refer to the above table.The total opportunity cost of the three units of steel is:
A) 15 units of wheat. 
B) 20 units of wheat. 
C) 45 units of wheat. 
D) 55 units of wheat. If this economy decides to produce three units of steel,it must give up 45 units of wheat (100 - 55 = 45).

The Following Economy Produces Two Products