i need Q31 Question 30Link and Zelda each have 12 hours a week they can spend making costumes and accessories for their cosplay group. Link has been doing this for yearsand can make a costume piece in 2 hours and an accessory item in 1 hour. Zelda is still learning and can make a costume piece in 3 hours and anaccessory item in 2 hours.The opportunity cost of 1 costume piece for Link in terms of accessory items (i.e. accessory items per costume piece):Question 31Referring to the situation in Question 30,The opportunity cost of 1 costume piece for Zelda in terms of accessory items (i.e. accessory items per costume piece) is:(enter in decimal format)

The opportunity cost = What is sacrificed / What is gained

Question 31 Referring to the situation in Question 30, The opportunity cost of 1 costume piece for Zelda in terms of accessory items (i.e. accessory items per costume piece) is: (enter in decimal format)

Question 31 Referring to the situation in Question 30, The opportunity cost of 1 costume piece for Zelda in terms of accessory items (i.e. accessory items per costume piece) is: (enter in decimal format)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.

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