Irving has 10 hours available for knitting scarves and hats. It takes him 20 minutes to knit a scarf and 10 minutes to knit a hat. His current plan is to make 2 scarves and1 hat. What is his opportunity cost (in terms of hats) of knitting one more scarf than is in his plan? Enter a number (and only a number, no units) rounded to two decimal places. If your answer is 1.275, enter 1.28. 2

Irving has 10 hours available for knitting scarves and hats. It takes him 20 minutes to knit a scarf and 10 minutes to knit a hat. His current plan is to make 2 scarves and1 hat. What is his opportunity cost (in terms of hats) of knitting one more scarf than is in his plan? Enter a number (and only a number, no units) rounded to two decimal places. If your answer is 1.275, enter 1.28. 2

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter2: Production Possibilities Frontier Framework

Section: Chapter Questions

Problem 11QP

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