1. Calculating opportunity cost using graphs (4 points) William David 2 Cakes 4 Cakes Given the two PPC's for William and David, calculate the opportunity cost of each good (pies and cakes). Use the space below each answer blank to type or write out your math showing how you calculated their opportunity costs. (No work, no credit. Be sure to reduce your fractions and don't leave any improper fractions.) ANSWER for William's opportunity cost of pies: ANSWER for William's opportunity cost of cakes: ANSWER for David's opportunity cost of pies: ANSWER for David's opportunity cost of cakes:

1. Calculating opportunity cost using graphs (4 points) William David 2 Cakes 4 Cakes Given the two PPC's for William and David, calculate the opportunity cost of each good (pies and cakes). Use the space below each answer blank to type or write out your math showing how you calculated their opportunity costs. (No work, no credit. Be sure to reduce your fractions and don't leave any improper fractions.) ANSWER for William's opportunity cost of pies: ANSWER for William's opportunity cost of cakes: ANSWER for David's opportunity cost of pies: ANSWER for David's opportunity cost of cakes:

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter3: Interdependence And The Gains From Trade

Section: Chapter Questions

Problem 4PA

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Question

1. Calculating opportunity cost using graphs (4 points)
William
David
2 Cakes
4 Cakes
Given the two PPC's for William and David, calculate the opportunity cost
of each good (pies and cakes). Use the space below each answer blank to
type or write out your math showing how you calculated their opportunity
costs. (No work, no credit. Be sure to reduce your fractions and don't
leave any improper fractions.)
ANSWER for William's opportunity cost of pies:
ANSWER for William's opportunity cost of cakes:
ANSWER for David's opportunity cost of pies:
ANSWER for David's opportunity cost of cakes:
O Pies

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