The table below shows Lanark's production possibilities. A B D F Wheat 160 280 146 360 400 416 Cars 170 162 114 65 a. If Lanark is producing 130 cars, it can produce approximately 320 wheat. b. If Lanark is currently producing combination C, the cost of 80 more wheat is cars c. If Lanark is currently producing combination D, the approximate per unit cost of an additional car is If wheat necessary, round your answers to 1 decimal place. Remember to round 0.05 up to 0.10.

The table below shows Lanark's production possibilities. A B D F Wheat 160 280 146 360 400 416 Cars 170 162 114 65 a. If Lanark is producing 130 cars, it can produce approximately 320 wheat. b. If Lanark is currently producing combination C, the cost of 80 more wheat is cars c. If Lanark is currently producing combination D, the approximate per unit cost of an additional car is If wheat necessary, round your answers to 1 decimal place. Remember to round 0.05 up to 0.10.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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