(Table: Production Possibilities for Machinery and Petroleum) Look at the Table

question 139

Essay

(Table: Production Possibilities for Machinery and Petroleum) Look at the table Production Possibilities for Machinery and Petroleum.The table shows the number of units of machinery each country would have to forgo in order to produce additional petroleum, assuming constant costs at all levels of production.The opportunity cost in the United States of producing 30 units of petroleum is
________ units of machinery.
A.60
B.80
C.100
D.120

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuing company, not necessarily its market value.

Dividend Paid

Dividend Paid refers to the amount of earnings distributed by a corporation to its shareholders as a reward for their investment.

Preferred Stock

A type of stock issued by corporations, which gives holders a right to share in earnings and liquidation before common shareholders do.

Capital Stock

The general term applied to the shares of a corporation.