A Pizzas 10 Computers 36 B 20 Answer: 35 C 30 33 D 40 30 E 50 25 F 60 15 G 70 0 Suppose that you are producing at point A and you want 10 more units of pizza. What is the opportunity cost of computers given up terms of gaining one more unit of pizza? **Just write the number. Round to 2 decimal places when needed. E.g. if you get 10.23567 write 10.24**

A Pizzas 10 Computers 36 B 20 Answer: 35 C 30 33 D 40 30 E 50 25 F 60 15 G 70 0 Suppose that you are producing at point A and you want 10 more units of pizza. What is the opportunity cost of computers given up terms of gaining one more unit of pizza? Just write the number. Round to 2 decimal places when needed. E.g. if you get 10.23567 write 10.24

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 6P

See similar textbooks

Similar questions

Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?
Explain why scarcity leads to tradeoffs.
Emily buys an air conditioner that costs $700. Because the air in her home is cleaner, its use saves her $250 in curtain cleaning costs over the lifetime of the air conditioner. In money terms, what is the opportunity cost of the air conditioner?
What is scarcity? Can you think of two causes of scarcity?
Productivity Table Soup per unit of labor Swords per unit of labor Wesley 30 25 Fezzik 10 30 What is the opportunity cost of swords if total sword production is 40?
Combination Cinnamon metric tons (X axis) Nutmeg metric tons (Y axis) A 7,000 0 B 6,000 7,000 C 4,500 11,000 D 2,500 14,000 E 0 16,000 What is the opportunity cost (amount & item) of the first 7,000 tons of nutmeg produced? ______________________ What is the opportunity cost (amount & item) of increasing production from 7,000 tons of nutmeg to 11,000 tons of nutmeg ? ________________ What is the opportunity cost (amount & item )of increasing production from 11,000 tons of nutmeg to 14,000 tons of nutmeg ? _____________ What is the opportunity cost (amount & item) of increasing production from 14,000 tons of nutmeg to 16,000 tons of nutmeg ? ________________ What is happening to the opportunity cost as Copperton produces more nutmeg? ____________________________________
Combination Bananas metric tons (X axis) Coffee metric tons (Y axis) A 20,000 0 B 18,000 11,000 C 14,000 20,000 D 8,000 27,000 E 0 30,000 What is the opportunity cost (amount & item) of the first 11,000 tons of coffee produced? ______________________ What is the opportunity cost (amount & item) of increasing production from 11,000 tons of coffee to 20,000 tons of coffee ? ________________ What is the opportunity cost (amount & item )of increasing production from 20,000 tons of coffee to 27,000 tons of coffee? ____________
Pls Don't Copy , I want Unique Solution What does a production possibilities frontier represent? Explain how you would use it to make decisions. What other information would you need to incorporate and what decision rule would you use?
1. Approximately what percentage of the world"s economies experience scarcity? A. 100% b. 75% c. 50% d. 25%
Suppose that the table shows combinations of bicycles and tents that the economy of Outdoorland can produce using all of its resources and technology. Alternative Tents Bicycles A 100 0 B 95 1 C 85 2 D 65 3 E 35 4 F 0 5 The opportunity cost of the second bicycle is _____ tents. (Note: Enter your answer as a numeral.)
Edgar, who is a driver for Uber and earns $14 per hour, is considering going to see a movie tonight. The cost to see a movie is $12, and Edgar would have to take 4 hours off to see the movie. a. What is the monetary cost for Edgar to see the movie? $12b. What is the opportunity cost for Edgar to see the movie? $
Suppose a nation has a total of 12 units of labor, which can be used to produce either guns or butter. One gun takes 6 units of labor to produce and 1 butter takes 2 units of labor to produce.ElucidateExplain why scarcity exists in this economy. Use the data as evidence of your reasoning.What is the maximum quantity of guns that can be produced?What is the maximum quantity of butter than can be produced?Draw the nation’s production possibility curve.Explain why the nation can’t produce both 3 guns and 4 butters.Explain why the nation shouldn’t produce both 1 gun and 2 butters.