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ar 2022. Due to change in consumer behaviour, the durian farm plan to change its oduction to 120.000 tons of D24 durians and 40,000 tons of D1 durians in the year 2023 e opportunity cost of producing 1 ton of D24 durians in the year 2023?

ar 2022. Due to change in consumer behaviour, the durian farm plan to change its oduction to 120.000 tons of D24 durians and 40,000 tons of D1 durians in the year 2023 e opportunity cost of producing 1 ton of D24 durians in the year 2023?

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
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Therefore, the farm must produce 80,000 - 40,000 = 20,000 fewer tons of D1 durians in 2023. Why is 80,000-40,000=20,000? not equal to 40,000?

A durian farm produces 100.000 tons of D24 durians and 80,000 tons of D1 durians in year 2022. Due to change in consumer behaviour, the durian farm plan to change its production to 120.000 tons of D24 durians and 40,000 tons of D1 durians in the year 2023. What is the opportunity cost of producing 1 ton of D24 durians in the year 2023? O 40,000 tons of D1 durians. O20,000 tons of D1 durians. O2 tons of D1 durians. O tons of D1 durians. Show transcribed data Expert Answer → This solution was written by a subject matter expert. It's designed to help students like you learn core concepts. Step-by-step 000 1st step Step 1/3 All steps V Answer only 1 The answer is b) 20,000 tons of D1 durians. The opportunity cost of producing 1 ton of D24 durians in 2023 is the number of tons of D1 durians that could have been produced instead. In 2022, the farm produced 80,000 tons of D1 durians and in 2023, it plans to produce 40,000 tons, so the opportunity cost of producing 1 ton of D24 durians in 2023 is 80,000 - 40,000 = 20,000 tons of D1 durians. Explanation: The opportunity cost of producing 1 ton of D24 durians in 2023 is the amount of output that must be forgone in order to produce 1 more unit of D24 durians. In this case, the farm must produce 20,000 fewer tons of D1 durians in order to produce 1 more ton of D24 durians. Here's the calculation: • In 2022, the farm produced 80,000 tons of D1 durians. In 2023, the farm plans to produce 40,000 tons of D1 durians. • Therefore the farm must produce 80.000- 40.000 = 20.000 fewer 23:41 2023/8/2
Transcribed Image Text:A durian farm produces 100.000 tons of D24 durians and 80,000 tons of D1 durians in year 2022. Due to change in consumer behaviour, the durian farm plan to change its production to 120.000 tons of D24 durians and 40,000 tons of D1 durians in the year 2023. What is the opportunity cost of producing 1 ton of D24 durians in the year 2023? O 40,000 tons of D1 durians. O20,000 tons of D1 durians. O2 tons of D1 durians. O tons of D1 durians. Show transcribed data Expert Answer → This solution was written by a subject matter expert. It's designed to help students like you learn core concepts. Step-by-step 000 1st step Step 1/3 All steps V Answer only 1 The answer is b) 20,000 tons of D1 durians. The opportunity cost of producing 1 ton of D24 durians in 2023 is the number of tons of D1 durians that could have been produced instead. In 2022, the farm produced 80,000 tons of D1 durians and in 2023, it plans to produce 40,000 tons, so the opportunity cost of producing 1 ton of D24 durians in 2023 is 80,000 - 40,000 = 20,000 tons of D1 durians. Explanation: The opportunity cost of producing 1 ton of D24 durians in 2023 is the amount of output that must be forgone in order to produce 1 more unit of D24 durians. In this case, the farm must produce 20,000 fewer tons of D1 durians in order to produce 1 more ton of D24 durians. Here's the calculation: • In 2022, the farm produced 80,000 tons of D1 durians. In 2023, the farm plans to produce 40,000 tons of D1 durians. • Therefore the farm must produce 80.000- 40.000 = 20.000 fewer 23:41 2023/8/2
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