If the United States, at the Point Where It Is

question 172

Multiple Choice

If the United States, at the point where it is currently producing, must give up the production of 500 bicycles (B) to produce 20 additional tractors (T) with the same resources, its opportunity cost may be expressed as:

• A) 1/25B = 1T.
• B) 1B = 1/25T.
• C) 1B = 1T.
• D) 1B = 25T.

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