A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule. Production Possibilities Product D E Steel 1. 2 3 4. Wheat 100 90 75 55 30 The opportunity cost of producing the 91st unit of wheat is approximately

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule.
Production Possibilities
Product
A
D
E
Steel
3
4
Wheat
100
90
75
55
30
The opportunity cost of producing the 91st unit of wheat is approximately
Multiple Choice
1/10 of a unit of steel.
1 unit of steel
10 units of steel.
O units of steel..
Transcribed Image Text:A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule. Production Possibilities Product A D E Steel 3 4 Wheat 100 90 75 55 30 The opportunity cost of producing the 91st unit of wheat is approximately Multiple Choice 1/10 of a unit of steel. 1 unit of steel 10 units of steel. O units of steel..
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