The table below shows the production schedule of Cookies and Pizza in the country of Greatstown: Cookies Pizza 129 116 13 96 33 64 49 25 59 66 What is the opportunity cost of an action that increases Pizza production from 33 to 49? Cookies Opportunity Cost = 1.31 What is the opportunity cost of an action that increases Pizza production from 25 to 64? Pizza Opportunity Cost = 0.77

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The table below shows the production schedule of Cookies and Pizza in the country of Greatstown:
Cookies Pizza
129
116
13
96
33
64
49
25
59
66
What is the opportunity cost of an action that increases Pizza production from 33 to 49?
Cookies
Opportunity Cost = 1.31
What is the opportunity cost of an action that increases Pizza production from 25 to 64?
Pizza
Opportunity Cost =
0.77
Instrurtions
Transcribed Image Text:The table below shows the production schedule of Cookies and Pizza in the country of Greatstown: Cookies Pizza 129 116 13 96 33 64 49 25 59 66 What is the opportunity cost of an action that increases Pizza production from 33 to 49? Cookies Opportunity Cost = 1.31 What is the opportunity cost of an action that increases Pizza production from 25 to 64? Pizza Opportunity Cost = 0.77 Instrurtions
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