Table 1.3 shows the hypothetical trade-off between different combinations of brushes and combs that might be produced in a year with the limited capacity for Country X,ceteris paribus.Complete the table by calculating the required opportunity costs for brushes and combs.
Table 1.3
Production Possibilities for Brushes and Combs On the basis of your calculations in Table 1.3,the lowest opportunity cost for combs in terms of brushes is
A) 10 brushes per comb.
B) 2 brushes per comb.
C) 0.33 brush per comb.
D) 8.5 brushes per comb.
Correct Answer:
Verified
Q82: Table 1.1 shows the hypothetical trade-off
Q83: Table 1.2 shows the hypothetical trade-off
Q84: Table 1.2 shows the hypothetical trade-off
Q85: Table 1.3 shows the hypothetical trade-off
Q86: Table 1.2 shows the hypothetical trade-off
Q88: Table 1.2 shows the hypothetical trade-off
Q89: Table 1.1 shows the hypothetical trade-off
Q90: Table 1.3 shows the hypothetical trade-off
Q91: In this production range,2 additional stealth bombers
Q92: Table 1.2 shows the hypothetical trade-off
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents