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A Nation Can Produce Two Products: Steel and Wheat

Question 94

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A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule. A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule.   The opportunity cost of producing the 31st unit of wheat is approximately A) 25 units of steel. B) 0 units of steel. C) 1 unit of steel. D) 1/25 of a unit of steel. The opportunity cost of producing the 31st unit of wheat is approximately


A) 25 units of steel.
B) 0 units of steel.
C) 1 unit of steel.
D) 1/25 of a unit of steel.

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