Tons of manufactured products per year 700 600 500 300 200 400 600 Tons of Agricultural products per year Figure 2.1 Refer to Figure 2.1. What is the opportunity cost of increasing production of manufactured products from 500 tons to 600 tons per year? A. 200 tons of agricultural products per year OB. 400 tons of agricultural products per year OC. 500 tons of agricultural products per year OD. 600 tons of agricultural products per year
Tons of manufactured products per year 700 600 500 300 200 400 600 Tons of Agricultural products per year Figure 2.1 Refer to Figure 2.1. What is the opportunity cost of increasing production of manufactured products from 500 tons to 600 tons per year? A. 200 tons of agricultural products per year OB. 400 tons of agricultural products per year OC. 500 tons of agricultural products per year OD. 600 tons of agricultural products per year
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains From Trade
Section: Chapter Questions
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![Tons of manufactured products per year
700
600
500
300
200
400
600
Tons of Agricultural products per year
Figure 2.1
Refer to Figure 2.1. What is the opportunity cost of increasing production of manufactured products from 500 tons to 600 tons per year?
O A. 200 tons of agricultural products per year
O B. 400 tons of agricultural products per year
OC. 500 tons of agricultural products per year
O D. 600 tons of agricultural products per year](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa72e8965-bd79-4464-a740-a72095a0be2c%2F3bed2f3c-5dce-47ea-be2d-767c08b92f30%2Fog9tqvq_processed.png&w=3840&q=75)
Transcribed Image Text:Tons of manufactured products per year
700
600
500
300
200
400
600
Tons of Agricultural products per year
Figure 2.1
Refer to Figure 2.1. What is the opportunity cost of increasing production of manufactured products from 500 tons to 600 tons per year?
O A. 200 tons of agricultural products per year
O B. 400 tons of agricultural products per year
OC. 500 tons of agricultural products per year
O D. 600 tons of agricultural products per year
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