It is provided that Canada can produce either 14 engines or 35 tons
of chemicals.
Calculate the opportunity cost of producing one ton of chemicals -
Opportunity cost = Total number of engines/Total quantity of chemicals
Opportunity cost = 14/35 = 0.40 engines
Thus,
The opportunity cost of producing one ton of chemicals is 0.40 engines.
The U.S. and Canada both produce aircraft engines and tons of chemicals, which are sold for...
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