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The following production possibilities schedule shows the quantities of soybeans and oil that can ...

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The following production possibilities schedule shows the quantities of soybeans and oil that can ...

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.

	Soybeans (bushels)	Oil (barrels)
Canada	60	10
Mexico	24	8

TABLE 19-3

Refer to Table 19-3. The opportunity cost of a barrel of oil in Canada is

▸ 1.25 barrels of oil.

▸ 6 bushels of soybeans.

▸ 2.5 bushels of soybeans.

▸ 16.67 bushels of soybeans.

▸ 0.8 barrels of oil.

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

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Thank you, thank you, thank you!

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Smart ... Thanks!

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