I My courses / PRINCIPLES OF MICROECONOMICS-Lecture-1202- ECON131 - 5/ Chapter 1: Limits, Alternatives, and Choices / QUTime left 0:24:31he production possibilities curve below shows the hypothetical relationship between the production of wheat and steel in aneconomy.Турe ofProduction AlternativesproductionBCDEFASteel20758090100Wheat10090754525If the economy is producing at point E, what is the opportunity cost of producing additional 20 ton of wheat?O A. 2 tons of steelO B. 0.5 tons of steelO C. 10 tons of steelO D. 20 tons of steelNext pageتسجيل المحاضرة الرابعة- 4 ciureJump to...)ملخص الفصل الثاني( 2 Chapter

At point E, Opportunity cost of additional 20 wheat = amount of steal given up = 90 - 80 = 10 steal

Answered: If the economy is producing at point E,…

If the economy is producing at point E, what is the opportunity cost of producing additional 20 ton of wheat? O A. 2 tons of steel O B. 0.5 tons of steel OC. 10 tons of steel O D. 20 tons of steel

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Chapter1: Making Economics Decisions

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I My courses / PRINCIPLES OF MICROECONOMICS-Lecture-1202- ECON131 - 5/ Chapter 1: Limits, Alternatives, and Choices / QU
Time left 0:24:31
he production possibilities curve below shows the hypothetical relationship between the production of wheat and steel in an
economy.
Турe of
Production Alternatives
production
BCDEF
A
Steel
20
75
80
90
100
Wheat
100
90
75
45
25
If the economy is producing at point E, what is the opportunity cost of producing additional 20 ton of wheat?
O A. 2 tons of steel
O B. 0.5 tons of steel
O C. 10 tons of steel
O D. 20 tons of steel
Next page
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