Come up with two variables that, in your view, are related, indicate the name of these variables as well as why these variables are related; determine which variable is the dependent variable and which one is the independent variable. Draw a line graph by hand, labeling the vertical and horizontal axis consistent with your choice of variables. The line in the line graph has to represent, what, in your view, is the relationship between the two variables. Describe your graph verbally in your post (no need to upload the graph itself).Note:-• Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.• Answer completely.• You will get up vote for sure. The following table shows the hourly output per worker measured as quarts of olive oil and pounds of pasta in Greeceand Italy:GreeceItalyOutput per Hour of WorkOlive OilPasta23The opportunity cost of producing one more quart of olive oil in Greece isrounded to two decimal places.)16pounds of pasta. (Enter your responseThe opportunity cost of producing one more quart of olive oil in Italy is pounds of pasta. (Enter your responserounded to two decimal places.)The opportunity cost of producing one more pound of pasta in Greece is quarts of olive oil. (Enter your responserounded to two decimal places.)The opportunity cost of producing one more pound of pasta in Italy is quarts of olive oil. (Enter your responserounded to two decimal places.)

Given,Output per Hour of WorkOlive OilPastaGreece21Italy36

Answered: The opportunity cost of producing one…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Come up with two variables that, in your view, are related, indicate the name of these variables as well as why these variables are related; determine which variable is the dependent variable and which one is the independent variable. Draw a line graph by hand, labeling the vertical and horizontal axis consistent with your choice of variables. The line in the line graph has to represent, what, in your view, is the relationship between the two variables. Describe your graph verbally in your post (no need to upload the graph itself). Note:- • Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. • Answer completely. • You will get up vote for sure.

The following table shows the hourly output per worker measured as quarts of olive oil and pounds of pasta in Greece
and Italy:
Greece
Italy
Output per Hour of Work
Olive Oil
Pasta
2
3
The opportunity cost of producing one more quart of olive oil in Greece is
rounded to two decimal places.)
1
6
pounds of pasta. (Enter your response
The opportunity cost of producing one more quart of olive oil in Italy is pounds of pasta. (Enter your response
rounded to two decimal places.)
The opportunity cost of producing one more pound of pasta in Greece is quarts of olive oil. (Enter your response
rounded to two decimal places.)
The opportunity cost of producing one more pound of pasta in Italy is quarts of olive oil. (Enter your response
rounded to two decimal places.)

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