Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Economics (https://www.askmehelpdesk.com/forumdisplay.php?f=101)
-   -   Opportunity cost of producing 1 comb at point M as production moves from N to M (https://www.askmehelpdesk.com/showthread.php?t=605217)

  • Oct 19, 2011, 10:22 AM
    crayola14
    Opportunity cost of producing 1 comb at point M as production moves from N to M
    What is the opportunity cost of producing 1 comb at point M as production moves from point N to point M

    The table below shows the tradeoff between different combinations of brushes and combs that might be produced in a year with the limited capacity for Country X, ceteris paribus.

    Combinations Number of Brushes Number of Combs
    J ,0 ,4
    K ,10, 3
    L ,17 ,2
    M ,21 ,1
    N ,23 ,0

    Does the data support the law of increasing opportunity cost?
    C) Given the data, what do you expect to be the shape of the Production Possibilities curve?

  • All times are GMT -7. The time now is 06:27 PM.