Therefore, the farm must produce 80,000 - 40,000 = 20,000 fewer tons of D1 durians in 2023. Why is 80,000-40,000=20,000? not equal to 40,000? A durian farm produces 100.000 tons of D24 durians and 80,000 tons of D1 durians inyear 2022. Due to change in consumer behaviour, the durian farm plan to change itsproduction to 120.000 tons of D24 durians and 40,000 tons of D1 durians in the year 2023. What isthe opportunity cost of producing 1 ton of D24 durians in the year 2023?O 40,000 tons of D1 durians.O20,000 tons of D1 durians.O2 tons of D1 durians.O tons of D1 durians.Show transcribed dataExpert Answer →This solution was written by a subject matter expert. It's designed to help students likeyoulearn core concepts.Step-by-step0001st stepStep 1/3All stepsVAnswer only1The answer is b) 20,000 tons of D1 durians.The opportunity cost of producing 1 ton of D24 durians in 2023 is thenumber of tons of D1 durians that could have been produced instead. In2022, the farm produced 80,000 tons of D1 durians and in 2023, it plans toproduce 40,000 tons, so the opportunity cost of producing 1 ton of D24durians in 2023 is 80,000 - 40,000 = 20,000 tons of D1 durians.Explanation:The opportunity cost of producing 1 ton of D24 durians in 2023 is theamount of output that must be forgone in order to produce 1 moreunit of D24 durians. In this case, the farm must produce 20,000 fewertons of D1 durians in order to produce 1 more ton of D24 durians.Here's the calculation:• In 2022, the farm produced 80,000 tons of D1 durians.In 2023, the farm plans to produce 40,000 tons of D1 durians.• Therefore the farm must produce 80.000- 40.000 = 20.000 fewer23:412023/8/2

It can be defined as the cost of sacrificing one product to gain an additional amount for another…

ar 2022. Due to change in consumer behaviour, the durian farm plan to change its oduction to 120.000 tons of D24 durians and 40,000 tons of D1 durians in the year 2023 e opportunity cost of producing 1 ton of D24 durians in the year 2023?

ar 2022. Due to change in consumer behaviour, the durian farm plan to change its oduction to 120.000 tons of D24 durians and 40,000 tons of D1 durians in the year 2023 e opportunity cost of producing 1 ton of D24 durians in the year 2023?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Therefore, the farm must produce 80,000 - 40,000 = 20,000 fewer tons of D1 durians in 2023. Why is 80,000-40,000=20,000? not equal to 40,000?

A durian farm produces 100.000 tons of D24 durians and 80,000 tons of D1 durians in
year 2022. Due to change in consumer behaviour, the durian farm plan to change its
production to 120.000 tons of D24 durians and 40,000 tons of D1 durians in the year 2023. What is
the opportunity cost of producing 1 ton of D24 durians in the year 2023?
O 40,000 tons of D1 durians.
O20,000 tons of D1 durians.
O2 tons of D1 durians.
O tons of D1 durians.
Show transcribed data
Expert Answer →
This solution was written by a subject matter expert. It's designed to help students like
you
learn core concepts.
Step-by-step
000
1st step
Step 1/3
All steps
V
Answer only
1
The answer is b) 20,000 tons of D1 durians.
The opportunity cost of producing 1 ton of D24 durians in 2023 is the
number of tons of D1 durians that could have been produced instead. In
2022, the farm produced 80,000 tons of D1 durians and in 2023, it plans to
produce 40,000 tons, so the opportunity cost of producing 1 ton of D24
durians in 2023 is 80,000 - 40,000 = 20,000 tons of D1 durians.
Explanation:
The opportunity cost of producing 1 ton of D24 durians in 2023 is the
amount of output that must be forgone in order to produce 1 more
unit of D24 durians. In this case, the farm must produce 20,000 fewer
tons of D1 durians in order to produce 1 more ton of D24 durians.
Here's the calculation:
• In 2022, the farm produced 80,000 tons of D1 durians.
In 2023, the farm plans to produce 40,000 tons of D1 durians.
• Therefore the farm must produce 80.000- 40.000 = 20.000 fewer
23:41
2023/8/2

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