Based on the following information for the state of Montana,
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a. Draw the Production Possibilities Curve.
b. Determine the opportunity costs for a move from A to B; B to C; and C to D.
CHOICE | OIL / barrels | WHEAT / bushels |
A | 5000 | 0 |
B | 4500 | 10000 |
C | 2500 | 20000 |
D | 0 | 25000 |
a.)
b.) A to B: _____________ B to C: __________________ C to D: _________________
11 years ago