Below is the production possibilities table for the country of Lavaland. Choice Number of tanks &nb
Below is the production possibilities table for the country of Lavaland.
Choice Number of tanks Number of pizza
A 0 15
B 4 14
C 7 12
D 9 9
E 11 5
F 12 0
Below is the production possibilities table for the country of Lavaland.
Choice Number of tanks Number of pizza
A 0 15
B 4 14
C 7 12
D 9 9
E 11 5
F 12 0
. What is the marginal cost (cost of one thank) to Lavaland of moving from point A to point B on its PPF? Show your work
a. 4 tanks b. ¼ of pizza c. 4 pizzas d. 2 tanks
I have no idea where to begin
Homework Answers
The correct answer is option b) 1/4 of pizza. By moving from point A to B there is an increase of 4 tanks and there is only 1 pizza given up. So the marginal cost of each tank from point A to B is 1/4 pizza each.
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Below is the production possibilities table for the country of
Lavaland.
Choice
Number of
tanks &nb
Below is the production possibilities table for the country of Lavaland. Number of pizza Choice Number...
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