Consider a nation that produces wheat and steel The following table shows the possible combinations...
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Consider a nation that produces wheat and steel The following table shows the possible combinations of the two products Wheat tons Steel tons 0 30 2 4 6 24 OA increase the output of both wheat and steel B only increase the output of steel O C have no effect on the output of wheat and steel O D only increase the output of wheat 18 10 0 The opportunity cost of the first 2 tons of wheat is 4 tons of steel enter your response as an integer and the opportunity cost of the last 2 tons of wheat is tons of steel enter your response as an integer Suppose the technology for producing wheat improves meaning that fewer resources are needed to produce each ton of wheat In contrast the technology for producing steel does not change The technological improvement in production of wheat will
Consider a nation that produces wheat and steel The following table shows the possible combinations of the two products Wheat tons Steel tons 0 30 2 4 6 24 OA increase the output of both wheat and steel B only increase the output of steel O C have no effect on the output of wheat and steel O D only increase the output of wheat 18 10 0 The opportunity cost of the first 2 tons of wheat is 4 tons of steel enter your response as an integer and the opportunity cost of the last 2 tons of wheat is tons of steel enter your response as an integer Suppose the technology for producing wheat improves meaning that fewer resources are needed to produce each ton of wheat In contrast the technology for producing steel does not change The technological improvement in production of wheat will
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