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Assessment

Due: Fri, Dec $13$

$+778$ pts

$/1600$

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Hint

Question $9$ of $16$

Suppose that Paulie and Vinny can each produce ice cream or t$-$shirts. The table shows the quantity of each good that Paulie and Vinny can produce in $1$ hour, respectively, if they devote all of their time and effort into making the good. Round all answers to two decimal places.

$\backslash$table$[[,$Ice cream $($cups$),$T$-$shirts $($quantity$)],[$Paulie$,2\mathrm{.}00,18\mathrm{.}00],[$Vinny$,9\mathrm{.}00,13\mathrm{.}00]]$

a$.$ What is Paulie's opportunity cost of producing a cup of ice cream?

Paulie's opportunity cost:

t$-$shirts

b$.$ What is Vinny's opportunity cost of producing a t$-$shirt?