CLOTHING (Thousands of pieces) 40 35 17°C 30 25 15 10 5 0 0 PPC 80 160 C B 240 320 400 OIL (Thousands of barrels) 480 500 640 Suppose the economy initially produces 15,000 pieces of clothing and 400,000 barrels of oil, which is represented by point A. The opportunity cost of producing an additional 5,000 pieces of clothing (that is, moving production to point B) is barrels of oil. Suppose, instead, that the economy currently produces 336,000 barrels of oll and 20,000 pieces of clothing, which is represented by point B. Now the opportunity cost of producing an additional 5,000 pieces of clothing (that is, moving to point C) is barrels of oil.
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