Problem 01-07 (Keyboard Navigable Alternate Version) The table below describes the production possibilities confronting an economy. Using that information: calculate the opportunity cost of building hospitals and answer two questions about production possibilities. a. Calculate the opportunity costs of building hospitals. Potential Output Homeless Combinations Shelters ABCDE 0177 8 13 Hospitals 22410 3 Opportunity Cost of Building One More Hospital 3 homeless shelters homeless shelters homeless shelters homeless shelters A

Problem 01-07 (Keyboard Navigable Alternate Version) The table below describes the production possibilities confronting an economy. Using that information: calculate the opportunity cost of building hospitals and answer two questions about production possibilities. a. Calculate the opportunity costs of building hospitals