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
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
Chapter2: Scarcity And Opportunity Costs
Section: Chapter Questions
Problem 7E
Related questions
Question
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
Question 7 options:
|
90 |
|
35 |
|
160 |
|
70 |
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