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