The Following Production Possibilities Schedule Shows the Quantities of Soybeans

Multiple Choice

The following production possibilities schedule shows the quantities of soybeans and oil that can each be produced in Canada and Mexico with one unit of equivalent resources. TABLE 32-3 Refer to Table 32-3.The opportunity cost of a barrel of oil in Mexico is

A) 0.33 bushels of soybeans.
B) 1.25 barrels of oil.
C) 0.8 barrels of oil.
D) 3 bushels of soybeans.
E) 16 bushels of soybeans.