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QUESTION

Suppose that there are 10 million workers in Canada and that each of these workers can produce either 2 cars or 30 bushels of wheat in a year.

1.Suppose that there are 10 million workers in Canada and that each of these workers can produce either 2 cars or 30 bushels of wheat in a year. A. What is the opportunity cost of producing a car in Canada? What is the opportunity cost of producing one bushel of wheat in Canada? B. Draw Canada"s PPF with wheat on the horizontal axis and cars on the vertical axis. If Canada chooses to consume 10 million cars, how much wheat can it consume without trade?

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