Alec and Ellie are the only detectives in the town of Broadchurch. They work together. Assume efficient production. Each has 10 hours in a day to allocate between conducting interviews and completing paperwork. In one hour Alec can produce 16 interviews or 42 files of paperwork. In one hour, Ellie can produce 16 interviews or 7 files of paperwork. Broadchurch has a crime wave and needs to complete 14 interviews. What is Broadchurch's Opportunity Cost of an extra FILE OF PAPERWORK in terms of interviews when 14 interviews are being done? Enter a number only.
Alec and Ellie are the only detectives in the town of Broadchurch. They work together. Assume efficient production. Each has 10 hours in a day to allocate between conducting interviews and completing paperwork. In one hour Alec can produce 16 interviews or 42 files of paperwork. In one hour, Ellie can produce 16 interviews or 7 files of paperwork. Broadchurch has a crime wave and needs to complete 14 interviews. What is Broadchurch's Opportunity Cost of an extra FILE OF PAPERWORK in terms of interviews when 14 interviews are being done? Enter a number only.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 2SQP
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Alec and Ellie are the only detectives in the town of Broadchurch. They work together. Assume efficient production. Each has 10 hours in a day to allocate between conducting interviews and completing paperwork.
In one hour Alec can produce 16 interviews or 42 files of paperwork.
In one hour, Ellie can produce 16 interviews or 7 files of paperwork.
Broadchurch has a crime wave and needs to complete 14 interviews. What is Broadchurch's Opportunity Cost of an extra FILE OF PAPERWORK in terms of interviews when 14 interviews are being done? Enter a number only.
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