Question: QUESTION 1 Refer to the table below to answer the following question: Table 1: Production Possibilities for Simon's simple factory Nuts (units per day)

QUESTION 1 Refer to the table below to answer the following question: Table 1: Production Possibilities for Simon's simple factory Nuts (units per day) 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Bolts (units per day) 10,000 9,500 9,000 8,000 7,000 5,000 3,000 0 Calculate Simon's opportunity cost in units of nuts when he increases the production of bolts from 7,000 to 8,000 units per day.
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