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Islandia produces only 2 goods: apples and bread. In 2022 , they produced 16 million bushels of
apples and 5 million loaves of bread. The prices were $4 per bushel of apples and $2 per loaf of
bread. Calculate the market value of apples for 2022. $64 , 000 , 000 $74 , 000 , 000 $10 , 000 ,
000 $16 , 000 , 000

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  • 1. Islandia produces only 2 goods: apples and bread. In 2022 , they produced 16 million bushels of apples and 5 million loaves of bread. The prices were $4 per bushel of apples and $2 per loaf of bread. Calculate the market value of apples for 2022. $64 , 000 , 000 $74 , 000 , 000 $10 , 000 , 000 $16 , 000 , 000