The United States, at the Point Where It Is Currently

question 94

Essay

The United States, at the point where it is currently producing, must give up the production of 300 motorcycles to produce 15 additional SUVs with the same resources.Which of the following is the opportunity cost of producing 100 motorcycles?
A.1 SUV
B.5 SUVs
C.7 SUVs
D.15 SUVs

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Definitions:

Granitic Intrusion

The forced entry of magma composed mainly of quartz and feldspar into surrounding rock, cooling and solidifying to form granite.

Salt Dome

A type of geological structure formed when a thick bed of evaporite minerals (mainly salt) found at depth intrudes vertically into surrounding rock layers.

Volcanic Conduit

A pipe-like structure through which magma moves from a magma chamber to the Earth's surface.

Diamond Pipe

A steep, cylindrical- to funnel-shaped volcanic conduit that contains diamonds dispersed in an igneous rock; synonym kimberlite pipe.