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 two hours Alec can produce 6 interviews or 10 files of paperwork. In two hours, Ellie can produce 3 interviews or 31 files of paperwork. What is Ellie's Opportunity Cost of an interview in terms of files of paperwork? 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 two hours Alec can produce 6 interviews or 10 files of paperwork. In two hours, Ellie can produce 3 interviews or 31 files of paperwork. What is Ellie's Opportunity Cost of an interview in terms of files of paperwork? Enter a number only.

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter2: Economic Tools And Economic Systems

Section: Chapter Questions

Problem 18PAE

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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. Alec takes 25 hours to complete one interview or 4 hours to complete one file of paperwork. Ellie takes 15 hours to complete one interview or 20 hours to complete one file of paperwork. What is Alec's Opportunity Cost of an interview in terms of files of paperwork? Enter a number only. Note: The question here is asking you for the opp. cost in terms of files so you can just enter a number. On the assessments if the question is phrased as "what is the opportunity cost?", you will have to enter the units as well, without which you will not get full credit.
A firm has two workers, Paula and Carlos. Paula can counsel 11 clients per working day, or write 2 memos per working day. Carlos can counsel 5 clients per working day, or write 3 memos per working day. Carlos's opportunity cost of writing one memo is
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