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il Verizon LTE 1:43 AM PROBLEMS CHAP 1 Opportunity what is the opportunity cost of increasing consumer output from OF to OD? what is the opportunity cost of increasing consumer output from OA to OD? what is the opportunity cost of output from OE to OB? increasing consumer Assume at point O, we have 0 at point E, we have 5 at point G, we have 8 at point B, we have 12.5 at point F, we have 10 at point D, we have 15 at point A, we have 18 Maximum output of choloes about WHAT 1o produce Maximum output of miltary OUTPUT OF MILITARY GOODS (units per year) a Draw a production possibilities curve based on Table 1.1, labeling combinations A-F. What is the opportunity cost of producing 1o0 missiles (from A to C)? What is the opportunity cost of producing 100 missiles (from B to C)? What is the opportunity cost of producing 20o missiles a Open With Print
Verizon LTE 1:44 AM X PROBLEMS CHAP 1 Opportunity... 2 Draw a production possibilities curve based on Table 1.1, labeling combinations A-F. What is the opportunity cost of producing 100 missiles (from A to C)? What is the opportunity cost of producing 100 missiles (from B to C)? What is the opportunity cost of producing 200 missiles (from A to E)? The opportunity cost ofproducing 1oo houses from (E to A) in terms of missiles The opportunity cost of producing 100 houses from (F to A) in terms of missiles Open With Print
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Answer #1

1.Answers are,

a. Gained 15 Consumer goods and gave up 3 Military goods.

b. Gained 3 Consumer goods and gave up 5 Military goods.

c. Gained 3 millitary goods and gave up 15 Consumer goods.

2. For this question table 1.1 is needed.

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