-The Table Above Gives the Production Possibilities Frontier for a |

question 284

Essay

$$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Production } \\\text { point }\end{array} & \begin{array} { c } \text { Wheat } \\\text { (bushels) }\end{array} & & \begin{array} { c } \text { Soybeans } \\\text { (bushels) }\end{array} \\\hline A & 1,500 & \text { and } & 0 \\\hline B & 1,000 & \text { and } & 2,250 \\\hline C & 500 & \text { and } & 3,500 \\\hline D & 0 & \text { and } & 4,000 \\\hline\end{array}$$
-The table above gives the production possibilities frontier for a nation that produces wheat and soybeans.Use the information in that table to complete the table below,which has in it the opportunity costs of moving from one production point to another.Do not forget to note the units of the opportunity costs.
$$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Movement } \\\text { from }\end{array} & \begin{array} { c } \text { Opportunity } \\\text { cost }\end{array} & \begin{array} { c } \text { Movement } \\\text { from }\end{array} & \begin{array} { c } \text { Opportunity } \\\text { cost }\end{array} \\\hline A \text { to } B & & D \text { to } C & \\\hline B \text { to } C & & C \text { to } B & \\\hline C \text { to } D & & B \text { to } A & \\\hline\end{array}$$

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Definitions:

Mathematician

A scientist who specializes in the study of mathematics, exploring concepts such as numbers, data, quantity, structure, space, and change.

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An honorary title given to the leading painter of a court or country, often responsible for influencing artistic trends and styles.