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

A Nation Can Produce Two Products: Steel and Wheat