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Author Question: shows the production possibilities boundary for an economy that produces two goods-cotton ... (Read 451 times)

sh03641

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on: Oct 12, 2022

Figure 1-7 shows the production possibilities boundary for an economy that produces two goods-cotton and bananas.



FIGURE 1-7

Refer to Figure 1-7. A production possibilities boundary is shown for an economy that produces two goods-cotton and bananas, both measured in tonnes produced per year. Suppose this economy is currently producing 1280 tonnes of cotton and 200 tonnes of bananas. What is the opportunity cost of increasing the production of bananas by 100 tonnes?


◦ 920 tonnes of cotton
◦ 100 tonnes of cotton
◦ 360 tonnes of cotton
◦ 360 tonnes of bananas
◦ There is no opportunity cost.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by sh03641 on Oct 12, 2022

KAyteeBee1129

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sh03641

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

Kedrick2014

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Reply 3 on: Yesterday
:D TYSM

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