Scenario 17.1 the Data in the Table Tell Us That Both the Both

question 8

Multiple Choice

Scenario 17.1
The data in the table tell us that both the United States and Mexico produce wheat and beef. The United States can make 6 bushels of wheat or 1 pound of beef in a day. Mexico can make 2 bushels of wheat or 4 pounds of beef in a day.

-In the table in Scenario 17.1, what is the opportunity cost of 1 pound of beef in Mexico?

• A) 1/2 bushel of wheat
• B) 6 bushels of wheat
• C) 2 bushels of wheat
• D) 1 bushel of wheat

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