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Table 1 below shows the production of pencils and pens Table 1 Combination Pencils Pens A 0 16 B 6 14 C 8 11 D 10 7 E 12 0 The opportunity cost of increasing the production of pens from 7 to 14 units is a) 2 b) 4 c) 6 d) 8 pencils.

Table 1 below shows the production of pencils and pens Table 1 Combination Pencils Pens A 0 16 B 6 14 C 8 11 D 10 7 E 12 0 The opportunity cost of increasing the production of pens from 7 to 14 units is a) 2 b) 4 c) 6 d) 8 pencils.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Table 1 below shows the production of pencils and pens Table 1 Combination Pencils Pens A 0 16 B 6 14 C 8 11 D 10 7 E 12 0 The opportunity cost of increasing the production of pens from 7 to 14 units is a) 2 b) 4 c) 6 d) 8 pencils.
Transcribed Image Text:Table 1 below shows the production of pencils and pens Table 1 Combination Pencils Pens A 0 16 B 6 14 C 8 11 D 10 7 E 12 0 The opportunity cost of increasing the production of pens from 7 to 14 units is a) 2 b) 4 c) 6 d) 8 pencils.
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