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Ob 23 NE ww Marked out of 00 Gestion Production Possibility Related Question Use following Table to answer to following quest
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Answer #1

Sol

a

Opportunity cost of producing 14 units of food is 40 units of clothing .

b

Per unit opportunity cost of clothing in terms of food = 14/40 = 0.35 unit of food .

c

Marginal opportunity cost of food from B to C = 10/4 = 2.5 units of clothing .

d

Marginal opportunity cost of food from C to D = 10/3 = 3.33 units of clothing .

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