A nation can produce two products: tanks and autos. The table below is the nation's production possibilities schedule. Product Tanks Autos A 0 1,000 Production Possibilities B Multiple Choice 1 950 650 units of autos. 1,000 units of autos. The total opportunity cost of three unit(s) of tanks is 200 units of autos. C 350 units of autos. 2 850 D 3 650 E 4 350 F 5 0
A nation can produce two products: tanks and autos. The table below is the nation's production possibilities schedule. Product Tanks Autos A 0 1,000 Production Possibilities B Multiple Choice 1 950 650 units of autos. 1,000 units of autos. The total opportunity cost of three unit(s) of tanks is 200 units of autos. C 350 units of autos. 2 850 D 3 650 E 4 350 F 5 0
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![A nation can produce two products: tanks and autos. The table below is the nation's production possibilities schedule.
Product
Tanks
Autos
A
0
1,000
Production Possibilities
B
Multiple Choice
1
950
650 units of autos.
1,000 units of autos.
The total opportunity cost of three unit(s) of tanks is
200 units of autos.
C
350 units of autos.
2
850
D
3
650
E
4
350
F
5
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb89ef543-1b8e-4758-9df8-6226f9e0157e%2Fcee1afe1-26b6-47ad-9a55-62caec708c73%2Frpibuxta_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A nation can produce two products: tanks and autos. The table below is the nation's production possibilities schedule.
Product
Tanks
Autos
A
0
1,000
Production Possibilities
B
Multiple Choice
1
950
650 units of autos.
1,000 units of autos.
The total opportunity cost of three unit(s) of tanks is
200 units of autos.
C
350 units of autos.
2
850
D
3
650
E
4
350
F
5
0
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