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

question 39

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 Mexico of producing 105 units of petroleum is
________ units of machinery.
A.35
B.70
C.90
D.160

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Definitions:

Security Held

An investment owned by an individual or organization, including stocks, bonds, or any other investment vehicle.

Zero Variance

A statistical condition in which all data points in a set are identical, offering no variability among them.

Expected Returns

The expected yield from an investment, considering the likelihood of different results.

Positive Variance

The difference between actual performance and expected performance where the actual outcome is more favorable than what was anticipated.