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21. (Table: Production Possibilities for Machinery and Petroleum) Use Table: Production Possibilities for Machinery and Petroleum....

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21. (Table: Production Possibilities for Machinery and Petroleum) Use Table: Production Possibilities for Machinery and Petro

21. (Table: Production Possibilities for Machinery and Petroleum) Use Table: Production Possibilities for Machinery and Petroleum. The opportunity cost of is in the United States as (than) in Mexico. Table: Production Possibilities for Machinery and Petroleum Machinery (M) Petroleum (P) Countries (units) United States 80 40 Mexico 60 180 O machinery; the same O petroleum; the same O petroleum; more O petroleum; less 22. (Table: Production Possibilities for Machinery and Petroleum) Use Table: Production Possibilities for Machinery and Petroleum. In th United States the opportunity cost of producing 40 units of machinery is units of petroleum. Table: Production Possibilities for Machinery and Petroleum Machinery (M) Petroleum (P) Countries (units) (units) United States 40 Mexico 180 80 60 O 40 O 80 20 O 60 23. (Table: Production Possibilities for Machinery and Petroleum) Use Table: Production Possibilities for Machinery and Petroleum. The opportunity cost in Mexico of producing 10 units of machinery is units of petroleum. Table: Production Possibilities for Machinery and Petroleum Machinery (M) Petroleum (P) Countries United States 80 40 Mexico 60 180 O 270 O 180 O 90 O 30 25. Saudi Arabia has a tremendous comparative advantage in petroleum. Which factor is a source of this comparative advantage? O large reserves of crude oil O no opportunity cost associated with oil production O high tariffs on oil from other nations O mild temperatures

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IN USA oppotunity cost of machinery 40 80 producing Lunit of 0.5 unit of 그 2 Petroleum opportunity cost of pooducing Louit peAn suur=21), petooleum, more In Cheeft united States opportunity cost of petooleum 2 @ In mexico, opportunity cost of petrole3 Ansulenz23 opportunity option De Bo cost of producing ! pe toate con machinery unit of 3 so to units = 3xlo 30 option D. t

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