Figure 2-11 Pails Fetched Boards Sawed Jack 20 4 Jill 10 5 Using the information in Figure 2-11, Jill's opportunity cost of fetching each additional pail is 1/2 of a board sawed 10 boards sawed 2 boards sawed 1/5 boards sawed 5 of a board sawed

Figure 2-11 Pails Fetched Boards Sawed Jack 20 4 Jill 10 5 Using the information in Figure 2-11, Jill's opportunity cost of fetching each additional pail is 1/2 of a board sawed 10 boards sawed 2 boards sawed 1/5 boards sawed 5 of a board sawed

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 9PA

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Question

Please help me answer these two questions.

Figure 2-11
Pails Fetched
Boards
Sawed
Jack
20
4
Jill
10
5
Using the information in Figure 2-11, Jill's opportunity cost of fetching each
additional pail is
1/2 of a board sawed
10 boards sawed
2 boards sawed
1/5 boards sawed
5 of a board sawed

Figure 2-4
C
D
E
Which production possibilities frontier(s) in Figure 2-4 depict(s) a situation in which
all resources are perfect substitutes in production?
both D and E
C
both C and E
E

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