The following table provides information about the production possibilities frontier of Sport Country. Production Scenario Bats...
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The following table provides information about the production possibilities frontier of Sport Country. Production Scenario Bats 0 100 200 300 400 500 A B C D E F Rackets 420 400 360 300 200 0 1. If Athletic Country currently produces 100 bats and 400 rackets, what is the opportunity cost of an additional 100 bats? (1 mark) 2. If Athletic Country currently produces 300 bats and 300 rackets, what is the opportunity cost of an additional 100 bats? (1 mark) 3. Suppose Athletic Country currently produces 200 bats and 200 rackets. How many additional rackets could they produce without giving up any bats? (1 mark) 4. Is the production of 200 bats and 200 rackets is efficient or not. (2 marks) 5. Is it possible to produce 300 bats and 400 rackets? Why or why not? Explain your answer. (2 marks) The following table provides information about the production possibilities frontier of Sport Country. Production Scenario Bats 0 100 200 300 400 500 A B C D E F Rackets 420 400 360 300 200 0 1. If Athletic Country currently produces 100 bats and 400 rackets, what is the opportunity cost of an additional 100 bats? (1 mark) 2. If Athletic Country currently produces 300 bats and 300 rackets, what is the opportunity cost of an additional 100 bats? (1 mark) 3. Suppose Athletic Country currently produces 200 bats and 200 rackets. How many additional rackets could they produce without giving up any bats? (1 mark) 4. Is the production of 200 bats and 200 rackets is efficient or not. (2 marks) 5. Is it possible to produce 300 bats and 400 rackets? Why or why not? Explain your answer. (2 marks)
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Answer rating: 100% (QA)
Production Scenario Bats Rackets A 0 420 B 100 400 C 200 360 D 300 300 E 400 200 F 500 0 This table represents the production possibilities frontier P... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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