Question

I just need 58

az Instructions Question 57 1.67 pts Identify the contribution to this year's GDP by entering a numerical value. Do not enter dollar signs or commas. Joe sells the house he has lived in for 10 years for $200.000 and pays his real estate agent a 6% commission $ At the end of the semester Brian sells his economics textbook to his friend for $150, $ Company X produces 14 units at a cost of $ each and sells 12 of them for $5.50 each. $ Previous Next Not ved Submit Quir 20 000 ODO F & # 3 $ 4 % 5 8 2 0 P Y U T W E R к L G H S D

Answer 1

58.

Opportunity cost of tomato in Yolo = 20.34/12.34 = 1.65 pounds of shrimp

Opportunity cost of tomato in Solano = 27.36/ 7.51 = 3.64 pounds of shrimp

Since the opportunity cost of tomato is lower for Yolo, it specializes in the production of tomatoes.

Thus, if it sells 100 tomatoes, it will need at least 1.65*100 = 165 shirmps