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Assume that during the years 2022 to 2025 Woodland Republic could produce only two commodities: tractors and rice. Also, assume that Woodland Republiccan procuce at

Assume that during the years 2022 to 2025 Woodland Republic could produce only two commodities: tractors and rice. Also, assume that Woodland Republiccan procuce at any of the positions represented by the production possibility schedule below.

A

B

C

D

E

F

G

H

Tractors

0

2

4

7

9

11

13

14

Rice (in tons)

100

95

85

70

60

50

30

0

Suppose in 2022 the economy is producing at point D. What is the opportunity cost of producing 6 more tractors in 2023

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