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90daytona 90daytona
wrote...
Posts: 73
Rep: 1 0
6 years ago
 Narnia’s opportunity cost of producing 1 ton of steel in 2016 was 10 barrels of oil. In 2017 Narnia
began using a new, more productive technology for steel production. Everything else being the same, is it
true that Narnia’s opportunity cost of producing 1 ton of steel in 2017 is 10 barrels of oil?

a) Yes
b) No
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1 Reply
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Replies
wrote...
Staff Member
6 years ago
b) No
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