Number shown is incorrect. Please explain how to calculate opportunity cost The table shows Robinson Crusoe's production possibilities.FishBerries(pounds)What is his opportunity cost of a pound of berries when Crusoe increases thequantity of berries from 21.0 pounds to 26.0 pounds and production is efficient?Possibility(pounds)36.012.035.0Does this opportunity cost increase as he produces more berries?22.533.031.530.039.026.045.021.049.515.0If Crusoe increases production of berries from 21.0 pounds to 26.0 pounds andproduction is efficient, his opportunity cost of producing 1 pound of berries is6.0 pound of fish.52.58.054.0>>> Answer to 1 decimal place.ABCDEFGHI

Given:- Production of berries increase from 21.0 pounds to 26.0 pounds. To calculate:- Opportunity…

Fish (pounds) Berries What is his opportunity cost of a pound of berries when Crusoe increases the quantity of berries from 21.0 pounds to 26.0 pounds and production is efficient? Possibility (pounds) 36.0 B 12.0 35.0 Does this opportunity cost increase as he produces more berries? 22.5 33.0 31.5 30.0 39.0 26.0 45.0 21.0 G 49.5 15.0 If Crusoe increases production of berries from 21.0 pounds to 26.0 pounds and production is efficient, his opportunity cost of producing 1 pound of berries is 6.0 pound of fish. 52.5 8.0 54.0 >>> Answer to 1 decimal place.

Fish (pounds) Berries What is his opportunity cost of a pound of berries when Crusoe increases the quantity of berries from 21.0 pounds to 26.0 pounds and production is efficient? Possibility (pounds) 36.0 B 12.0 35.0 Does this opportunity cost increase as he produces more berries? 22.5 33.0 31.5 30.0 39.0 26.0 45.0 21.0 G 49.5 15.0 If Crusoe increases production of berries from 21.0 pounds to 26.0 pounds and production is efficient, his opportunity cost of producing 1 pound of berries is 6.0 pound of fish. 52.5 8.0 54.0 >>> Answer to 1 decimal place.

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

Number shown is incorrect. Please explain how to calculate opportunity cost

The table shows Robinson Crusoe's production possibilities.
Fish
Berries
(pounds)
What is his opportunity cost of a pound of berries when Crusoe increases the
quantity of berries from 21.0 pounds to 26.0 pounds and production is efficient?
Possibility
(pounds)
36.0
12.0
35.0
Does this opportunity cost increase as he produces more berries?
22.5
33.0
31.5
30.0
39.0
26.0
45.0
21.0
49.5
15.0
If Crusoe increases production of berries from 21.0 pounds to 26.0 pounds and
production is efficient, his opportunity cost of producing 1 pound of berries is
6.0 pound of fish.
52.5
8.0
54.0
>>> Answer to 1 decimal place.
ABCDEFGHI

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