I need the questions below answered; I took some off. Suppose that the nation of Costa Rica produces Coffee and Bananas. Below are the possible combinations of Coffee and Bananas that Costa Rica can produce. 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 increasing production from 18,000 tons of bananas to 20,000 tons of bananas ? _________________ What is happening to the opportunity cost as Costa Rica produces more bananas? ______________________ 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? _____________ What is the opportunity cost (amount & item) of increasing production from 27,000 tons of coffee to 30,000 tons of coffee ? ________________ What is happening to the opportunity cost as Costa Rica produces more coffee ? _____________
I need the questions below answered; I took some off.
Suppose that the nation of Costa Rica produces Coffee and Bananas. Below are the possible combinations of Coffee and Bananas that Costa Rica can produce.
|
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
What is happening to the opportunity cost as Costa Rica produces more bananas? ______________________
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? _____________
What is the opportunity cost (amount & item) of increasing production from 27,000 tons of coffee to 30,000 tons of coffee ? ________________
What is happening to the opportunity cost as Costa Rica produces more coffee ? _____________
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