H. What G. What is the opportunity cost of the first eleven bottles of water produced? is the opportunity cost of increasing production from 11 bottles of water to 20 bottles of water? I What is the opportunity cost of increasing production from 20 bottles of water to 27 bottles of water?
H. What G. What is the opportunity cost of the first eleven bottles of water produced? is the opportunity cost of increasing production from 11 bottles of water to 20 bottles of water? I What is the opportunity cost of increasing production from 20 bottles of water to 27 bottles of water?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:produces Sports
suppose that Crystal falls
drink and bottles of werter. Below are the
possible combinations of Sports drinks and bottles of
worter that Crystal falls Can produce.
Combination Sporks dinks
A.
Bottles of water
32
12
27
20
22
30
36
Transcribed Image Text:roduction Possibilities Cur.
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H. What
G. What is the opportunity cost of the first eleven bottles of water produced?
is the opportunity cost of increasing production from 11 bottles of water to 20 bottles of water?
What is the opportunity cost of increasing production from 20 bottles of water to 27 bottles of water?
J. What is the opportunity cost of increasing production from 27 bottles of water to 32 bottles of water?
K. What is happening to the opportunity cost as Crystal Falls produces more bottles of water?
L. Find the combination of sports drinks and bottles of water of 10 sports drinks and 12 bottles of water Label this
point F. What term best describes this point?
M Find the combination of sports drinks and bottles of water of 25 sports drinks and 22 bottles of water Label this
point G. What term best describes this point?
N. Draw a new curve, on the same graph, reflecting what the PPC might look like if new production technology
is invented to speed up production in just the Sports Drinks industry
Suppose that the nation of Copperton produces nutmeg and cinnamon. Below are the possible combinations of
nutmeg and cinnamon that Copperton can produce,
Combination
Cinnamon metric tons (X axis)
Nutmeg metric tons (Y axis)
7,000
5,000
9,000
12.000
6,500
5,500
3,500
14,000
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