Karen can make 4 jackets or 17 ties in one day working at the clothing factory can make 8 jackets or 28 ties in one day working at the clothing factory. Wha Karen's opportunity cost of producing 1 tie? Round your answer to one decim place. Be sure to enter the correct units for what they are giving up. Your Answer:

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Karen can make 4 jackets or 17 ties in one day working at the clothing factory. Joe
can make 8 jackets or 28 ties in one day working at the clothing factory. What is
Karen's opportunity cost of producing 1 tie? Round your answer to one decimal
place. Be sure to enter the correct units for what they are giving up.
Your Answer:
Answer
units
696
MacBook A
Transcribed Image Text:Karen can make 4 jackets or 17 ties in one day working at the clothing factory. Joe can make 8 jackets or 28 ties in one day working at the clothing factory. What is Karen's opportunity cost of producing 1 tie? Round your answer to one decimal place. Be sure to enter the correct units for what they are giving up. Your Answer: Answer units 696 MacBook A
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