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Assume Saudi Arabia and the United States face the production possibilities for oil and cars shown in the table.
0
4
10.0
200
3
100
7.5
400
2
5.0
600
1
300
2.5
800
Calculate the following opportunity costs:
The opportunity cost of producing a car in Saudi Arabia is ______ million barrels of oil.
The opportunity cost of producing a car in the United States is _______ million barrels of oil.
The opportunity cost of producing a barrel of oil in Saudi Arabia is _________ of a car (in decimal form). Round your answer to three decimal places.
The opportunity cost of producing a barrel of oil in the United States is _______ of a car (in decimal form). Round your answer to three decimal places.
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