Question: The following production possibilities schedule shows the quantities of soybeans and oil that can be produced in Canada and Mexico with one unit of
The following production possibilities schedule shows the quantities of soybeans and oil that can be produced in Canada and Mexico with one unit of equivalent resources. The opportunity cost of a barrel of oil in Canada is OA. 1.43 barrels of oil. OB. 2.95 bushels of soybeans. O C. 5.9 bushels of soybeans. O D. 16.95 bushels of soybeans. O E. 0.7 barrels of oil. Canada Mexico Soybeans (bushels) 59 20 Oil (barrels) 10 7
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