Suppose Kenji is currently using combination D, producing one truck per day. His opportunity cost of producing a second truck per day is per day. Now, suppose Kenji is currently using combination C, producing two trucks per day. His opportunity cost of producing a third truck per day is per day. From the previous analysis, you can determine that as Kenji increases his production of trucks, his opportunity cost of producing one more truck Suppose Kenji buys a new tool that enables him to produce twice as many trucks per hour as before, but it doesn't affect his ability to produce drums. Use the green points (triangle symbol) to plot his new PPF on the previous graph. Because he can now make more trucks per hour, Kenji's opportunity cost of producing drums is it was previously.

Suppose Kenji is currently using combination D, producing one truck per day. His opportunity cost of producing a second truck per day is per day. Now, suppose Kenji is currently using combination C, producing two trucks per day. His opportunity cost of producing a third truck per day is per day. From the previous analysis, you can determine that as Kenji increases his production of trucks, his opportunity cost of producing one more truck Suppose Kenji buys a new tool that enables him to produce twice as many trucks per hour as before, but it doesn't affect his ability to produce drums. Use the green points (triangle symbol) to plot his new PPF on the previous graph. Because he can now make more trucks per hour, Kenji's opportunity cost of producing drums is it was previously.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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