Country A produces fish and apples. If it uses all available resources most efficiently, it can...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Country A produces fish and apples. If it uses all available resources most efficiently, it can produce 10 fish and 25 apples, or 20 fish and 15 apples. What's the opportunity cost of producing 1 unit of apple? And what's the opportunity cost of producing 10 units of apple? Country A produces fish and apples. If it uses all available resources most efficiently, it can produce 10 fish and 25 apples, or 20 fish and 15 apples. What's the opportunity cost of producing 1 unit of apple? And what's the opportunity cost of producing 10 units of apple?
Expert Answer:
Answer rating: 100% (QA)
SOLUTION The opportunity cost of producing 1 unit of apple is the amount of fish that must be given ... View the full answer
Related Book For
Posted Date:
Students also viewed these economics questions
-
what is the cation ?? 9. Cation whose sulphide salt is canary yellow ppt. 10. Cation escapes from group IV to group III 11. Cation from group Il soluble in dil HNO3 and forms a white precipitate with...
-
The earliest statement of the principle of comparative advantage is associated with B) David Ricardo. A) David Hume_ C) Adam Smith D) Eli Heckscher E) Bertil Ohlin 2 * The comparative advantage is...
-
Mary produces both hats and apple pies: If Mary uses all her resources to produce hats, she can produce 48 hats an hour. If she uses all her resources to produce apple pies, she can make 24 apple...
-
A local university is considering changes to its class structure in an effort to increase professor productivity. The old schedule had each professor teaching 5 classes per week, with each class...
-
Determine the location rc of the centroid C of the cardioids, r = a(1 cos ). C.
-
In the circuit shown in Fig, the 16.0-V battery is removed and reinserted with the opposite polarity, so that its negative terminal is now next to point a. Find (a) The current in the circuit...
-
Pluto Corporation issued \(\$ 400,000\) of \(7 \%, 20\) year bonds payable on March 31, 2006. The bonds were issued at 100 and pay interest on March 31 and September 30. Record (a) issuance of the...
-
Natalia Wallace is the new controller for Smart Software, Inc., which develops and sells education software. Shortly before the December 31 fiscal year- end, James Cauvet, the company president, asks...
-
The accounting records of Crane Corp., a real estate developer, indicated income before income tax of $852,000 for its year ended December 31, 2023, and of $532,000 for the year ended December 31,...
-
Consider the following activities and their durations. The original project schedule, using early activity starts, is shown in Figure 11.20. Reconfigure the network using critical chain project...
-
As a researcher you will be considering the relationships between variables regularly. Linear correlation is the most basic relationship that may exist between two variables. This assignment will you...
-
How can a total quality culture be the ultimate strategic competitive advantage with Zoom
-
Use the cost information below for Laurels Company to determine the total manufacturing costs during the current year: Direct materials used $ 6,100 Direct labor used 8,100 Total factory overhead...
-
Develop a A/B test for promoting the new plant-based sandwich that Chick-fil-A introduced ( you can only describe the changes you will make to recent marketing ads for Chick-filk-A). Discuss whether...
-
Discuss the economic disparities among women and persons of color with regard to Social Security and private retirement funds in comparison with white males. What factors are involved in these...
-
SOS corporation issued 10-year bonds with a face value 400.000 EUR at 99 with interest of 6% What is the total cash received from the issuance, and what is the total cost of financing? (3 punti)...
-
In this discussion you will each describe an experience with a culture in the United States (e.g. the Northeast, the deep South, the West, California, the Northwest), offer a possible explanation for...
-
Establish identity. cos( + k) = (-1)k cos , k any integer
-
Multiple Choice Questions: 1. What will happen to the demand for money if real GDP rises? a. It will decrease. b. It will be unchanged. c. It will increase. d. It depends on what happens to interest...
-
Multiple Choice Questions: 1. If output was greater than the equilibrium level in the aggregate expenditure model, unplanned inventory investment would be _____, leading real output to ______. a....
-
Indicate which point could correspond to the equilibrium wage and quantity hired a. At the initial equilibrium. b. If the price of the output produced by the labor increased. c. If the price of the...
-
Have you experienced artistic portrayals of your own culture or identity that you find offensive? If so, do you think they should be censored? The statue of President Theodore Roosevelt flanked by an...
-
What is the core approach to an anthropology of art?
-
Describe some of the reasons that people make art and give examples of symbolism and ritual in art.
Study smarter with the SolutionInn App