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lp Save&Exit Submit MC Qu. 141 A nation can produce two products:... A nation can produce two products: steel and wheat. The table below is the nations production possibilities schedule: Production Possibilities Schedule Product Steel Wheat 100 90 75 30 In moving stepwise from possibility A to Bto C...to F, the opportunity cost of a unit of steel in terms of wheat Multiple Choice
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Answer #1

When moving from A to F the opportunity cost of the steel in terms of wheat increases. i.e. we have to give up more and more wheat to increase the production of steel.

The answer is "increase".

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