Suppose Susan is currently using combination D, producing one boat per day. Her opportunity cost of producing a second boat per day is per day. Now, suppose Susan is currently using combination C, producing two boats per day. Her opportunity cost of producing a third boat per day is ▼per day. From the previous analysis, you can determine that as Susan increases her production of boats, her opportunity cost of producing one more boat higher than Suppose Susan buys a new tool that enables her to produce twice as many boats per hour as befo lower than't affect her ability to produce puzzles. Use the green points (triangle symbol) to plot her new PPF on the previous graph. Because she can now make more boats per hour, Susan's opportunity cost of producing puzzles is the same as it was previously.

Suppose Susan is currently using combination D, producing one boat per day. Her opportunity cost of producing a second boat per day is per day. Now, suppose Susan is currently using combination C, producing two boats per day. Her opportunity cost of producing a third boat per day is ▼per day. From the previous analysis, you can determine that as Susan increases her production of boats, her opportunity cost of producing one more boat higher than Suppose Susan buys a new tool that enables her to produce twice as many boats per hour as befo lower than't affect her ability to produce puzzles. Use the green points (triangle symbol) to plot her new PPF on the previous graph. Because she can now make more boats per hour, Susan's opportunity cost of producing puzzles is the same as 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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