5. Opportunity cost and production possibilities Simone is a skilled toy maker who is able to produce both trucks and puzzles. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time. Hours Producing Produced Choice (Trucks) (Puzzles) (Trucks) (Puzzles) A 8. 6. 2 3 11 4 4 16 D 2 6 1 19 E 8 20
5. Opportunity cost and production possibilities Simone is a skilled toy maker who is able to produce both trucks and puzzles. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time. Hours Producing Produced Choice (Trucks) (Puzzles) (Trucks) (Puzzles) A 8. 6. 2 3 11 4 4 16 D 2 6 1 19 E 8 20
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 6SQP
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