Table: Production Possibilities for Machinery and Petroleum Countries Machinery (M)(units) Petroleum (P)(units) United States 80 40 Mexico 60 180 Reference: Ref 8-2 Table: Production Possibilities for Machinery and Petroleum (Table: Production Possibilities for Machinery and Petroleum) Use Table: Production Possibilities for Machinery and Petroleum. The opportunity cost in Mexico of producing 105 units of petroleum is _____ units of machinery.   Question 7 options:   90   35   160   70

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter2: Scarcity And Opportunity Costs
Section: Chapter Questions
Problem 7E
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Table: Production Possibilities for Machinery and Petroleum

Countries Machinery (M)
(units)
Petroleum (P)
(units)
United States 80 40
Mexico 60 180
Reference: Ref 8-2 Table: Production Possibilities for Machinery and Petroleum


(Table: Production Possibilities for Machinery and Petroleum) Use Table: Production Possibilities for Machinery and Petroleum. The opportunity cost in Mexico of producing 105 units of petroleum is _____ units of machinery.

 

Question 7 options:

 

90

 

35

 

160

 

70

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