The following production possibilities schedule shows the quantities of soybeans and oil that can be produced in Canada and Mexico with one unit of equivalent resources. Soybeans (bushels) Oil (barrels) Canada 51 12 Mexico 25 Mexico would not gain by producing and exporting oil and importing soybeans unless it received O A. more than 12 barrels of oil. O B. 1.71 bushels of soybeans per barrel of oil. O C. more than 4.25 bushels of soybeans per barrel of oil. O D. more than 3.57 bushels of soybeans per barrel of oil.

The following production possibilities schedule shows the quantities of soybeans and oil that can be produced in Canada and Mexico with one unit of equivalent resources. Soybeans (bushels) Oil (barrels) Canada 51 12 Mexico 25 Mexico would not gain by producing and exporting oil and importing soybeans unless it received O A. more than 12 barrels of oil. O B. 1.71 bushels of soybeans per barrel of oil. O C. more than 4.25 bushels of soybeans per barrel of oil. O D. more than 3.57 bushels of soybeans per barrel of oil.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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