8. The nation of Australia can put all its resources into raising cattle and produce 20,000
head of cattle per year, or Australia can put all its resources into raising sheep and
produce 40,000 tons of wool. At point X, the nation of Australia produces 5,000 head of
cattle and 30,000 tons of wool. What is the opportunity cost for producing at point X?

Respuesta :

Answer: 15000 cattle or 10000 tons of wool

Explanation:

Because they are choosing somewhere in the middle, they are missing out on if they just went fully into another option

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