IfYucatanproduces200poundsoffoodper month, it must produce5050gallonsofsunscreento achieve production efficiency.Part 3 The opportunity cost of 1poundoffoodisenter your response heregallonsofsunscreen.The opportunity cost of 1gallonofsunscreenisenter your response herepoundsoffood.

Opportunity cost refers to the cost of the Opportunity foregone by choosing some other opportunity…

Answered: If Yucatan produces 200 pounds of food…

If Yucatan produces 200 pounds of food per month, it must produce 5050 gallons of sunscreen to achieve production efficiency. Part 3 The opportunity cost of 1 pound of food is

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

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Question

Yucatan

produces

200

pounds

food

per month, it must produce

5050

gallons

sunscreen

to achieve production efficiency.

Part 3

The opportunity cost of 1

pound

food

enter your response here

gallons

sunscreen.

The opportunity cost of 1

gallon

sunscreen

enter your response here

pounds

food.

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