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 mutmeg and cinnamon. Below are the possible combinations of nutmeg and cimmamon that Copperton can produce. Combination Cinnamon metric tons (X axis) Nutmeg metric tons (Y axis) A 7,000 5,000 6,500 5,500 3,500 9,000 12,000 14,000 D A On the graph below, plot the Production Possibilities Curve for Copperton B. What is the opportunity cost of the first 3,500 tons of cinnamon produced? C. What is the opportunity cost of increasing production from 3,500 tons of cinnamon to 5,500 tons of cinnamon? D. What is the opportunity cost of increasing production from 5,500 tons of cinnamon to 6,500 tons of cinnamon? E. What is the opportunity cost of increasing production from 6,500 tons of cinnamon to 7,000 tons of cinnamon? F. What is happening to the opportunity cost as Copperton produces more cinnamon? G. What is the opportunity cost of the first 5,000tons of nutmeg produced? What is the opportunity cost of increasing production from 5,000 tons of nutmeg to 9,000 tons of nutmeg? H. L What is the opportunity cost of increasing production from 9,000 tons of nutmeg to 12,000 tons of nutmegs? J. What is the opportunity cost of increasing production from 12,.000 tons of nutmeg to 16,000 tons of nutmeg? K. What is happening to the opportunity cost as Copperton produces more nutmeg?
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 mutmeg and cinnamon. Below are the possible combinations of nutmeg and cimmamon that Copperton can produce. Combination Cinnamon metric tons (X axis) Nutmeg metric tons (Y axis) A 7,000 5,000 6,500 5,500 3,500 9,000 12,000 14,000 D A On the graph below, plot the Production Possibilities Curve for Copperton B. What is the opportunity cost of the first 3,500 tons of cinnamon produced? C. What is the opportunity cost of increasing production from 3,500 tons of cinnamon to 5,500 tons of cinnamon? D. What is the opportunity cost of increasing production from 5,500 tons of cinnamon to 6,500 tons of cinnamon? E. What is the opportunity cost of increasing production from 6,500 tons of cinnamon to 7,000 tons of cinnamon? F. What is happening to the opportunity cost as Copperton produces more cinnamon? G. What is the opportunity cost of the first 5,000tons of nutmeg produced? What is the opportunity cost of increasing production from 5,000 tons of nutmeg to 9,000 tons of nutmeg? H. L What is the opportunity cost of increasing production from 9,000 tons of nutmeg to 12,000 tons of nutmegs? J. What is the opportunity cost of increasing production from 12,.000 tons of nutmeg to 16,000 tons of nutmeg? K. What is happening to the opportunity cost as Copperton produces more nutmeg?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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If you can, what formula do I use to find the opportunity cost ?
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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.
Nutmeg metric tons (Y axis)
Cinnamon metric tons (X axis)
7,000
Combination
5,000
6,500
5,500
3,500
B
9,000
12,000
14,000
A On the graph below, plot the Production Possibilities Curve for Copperton
B. What is the opportunity cost of the first 3,500 tons of cinnamon produced?
C. What is the opportunity cost of increasing production from 3,500 tons of cinnamon to 5.500 tons of
cinnamon?
D. What is the opportunity cost of increasing production from 5,500 tons of cinnamon to 6,500 tons of
cinnamon?
E. What is the opportunity cost of increasing production from 6,500 tons of cinnamon to 7,000 tons of
cinnamon?
What is happening to the opportunity cost as CoRperton produces more cinnamon?
G. What is the opportunity cost of the first 5,000tons of nutmeg produced?
What is the opportunity cost of increasing production from 5,000 tons of nutmeg to 9,000 tons of nutmeg?
H.
I What is the opportunity cost of increasing production from 9,000 tons of nutmeg to 12,000 tons of
nutmegs?
What is the opportunity cost of increasing production from 12,000 tons of nutmeg to 16,000 tons of
nutmeg?
K. What is happening to the opportunity cost as Copperton produces more nutmeg?
J
D Focus
DELL
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