Stan is a comic book artist. In a year's work Stan could write 50 comic books or help producing 2 movies (the number of movies is much lower, as he would need to travel and wait for the sets to be built before giving his input). The recent pandemic inspired him to write more episodes for his comic books and allowed him to give feedback on movies from the comfort of his home. As a result, in a year's work he is now able to write 55 comic books and help producing 7 movies. Which of the following effects has the pandemic NOT caused? Select one answer: • Stan's opportunity cost of helping to produce movies has decreased. O Stan's opportunity cost of writing comic books has increased. O Stan has become relatively more productive in helping to produce movies. O Stan's Production Possibility Frontier (PPF) shifts up.

Stan is a comic book artist. In a year's work Stan could write 50 comic books or help producing 2 movies (the number of movies is much lower, as he would need to travel and wait for the sets to be built before giving his input). The recent pandemic inspired him to write more episodes for his comic books and allowed him to give feedback on movies from the comfort of his home. As a result, in a year's work he is now able to write 55 comic books and help producing 7 movies. Which of the following effects has the pandemic NOT caused? Select one answer: • Stan's opportunity cost of helping to produce movies has decreased. O Stan's opportunity cost of writing comic books has increased. O Stan has become relatively more productive in helping to produce movies. O Stan's Production Possibility Frontier (PPF) shifts up.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 42P: A small company that shovels sidewalks and driveways has 100 homes signed up for its services this...

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