One company produces only 2 goods: pillows and blankets and its PPF is represented in the graph below:   1.1. What is the opportunity cost of the first 20 pillows produced by this company? 1.2. What is the AVERAGE opportunity cost per pillow of the first 20 pillows produced by this company? 1.3. What is the opportunity cost of the last 10 pillows produced by this company?  1.4. What is the AVERAGE opportunity cost per pillow of the last 10 pillows produced by this company?  1.3. Give an example of a shock that would make this company produce at point F. Give another example of a shock that would make this company produce at point B.

Question

One company produces only 2 goods: pillows and blankets and its PPF is represented in the graph below:

 

1.1. What is the opportunity cost of the first 20 pillows produced by this company?

1.2. What is the AVERAGE opportunity cost per pillow of the first 20 pillows produced by this company?

1.3. What is the opportunity cost of the last 10 pillows produced by this company? 

1.4. What is the AVERAGE opportunity cost per pillow of the last 10 pillows produced by this company? 

1.3. Give an example of a shock that would make this company produce at point F. Give another example of a shock that would make this company produce at point B. 

1blankets
100
...
90
80
70
60
50
40
30
20
10
10 20 30 40 50 60 70 80
pillows
Expand
Transcribed Image Text

1blankets 100 ... 90 80 70 60 50 40 30 20 10 10 20 30 40 50 60 70 80 pillows

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