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A Nation Can Produce Two Products: Steel and Wheat

Question 300

Multiple Choice

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. In moving stepwise from possibility A to B to C … to F, the marginal opportunity cost of a unit of steel in terms of wheat A) increases. B) decreases. C) remains constant. D) increases at first, then decreases. In moving stepwise from possibility A to B to C … to F, the marginal opportunity cost of a unit of steel in terms of wheat


A) increases.
B) decreases.
C) remains constant.
D) increases at first, then decreases.

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