1. Use the graph below to answer the following questions. a) If Alison is currently growing 80 bunches of kale per period, how many radish bunches is she growing? Assume that resources are fully utilized. b) What is the opportunity cost of one bunch of radishes? c) What is the opportunity cost of one bunch of kale? d) If Alison is currently producing 30 bunches of radishes, what is the opportunity cost of producing another 20 bunches of radishes? e) Is it possible for Alison to produce 120 bunches of kale and 30 bunches of radishes? f) If Alison is producing 60 bunches of radishes and 30 bunches of kale, is she fully utilizing her resources? g) Is the opportunity cost of this PPF constant? Kale (bunches) 180 160 140 120 100 80 60 40 20 0 0 20 40 60 Radishes (bunches) 80 100

1. Use the graph below to answer the following questions. a) If Alison is currently growing 80 bunches of kale per period, how many radish bunches is she growing? Assume that resources are fully utilized. b) What is the opportunity cost of one bunch of radishes? c) What is the opportunity cost of one bunch of kale? d) If Alison is currently producing 30 bunches of radishes, what is the opportunity cost of producing another 20 bunches of radishes? e) Is it possible for Alison to produce 120 bunches of kale and 30 bunches of radishes? f) If Alison is producing 60 bunches of radishes and 30 bunches of kale, is she fully utilizing her resources? g) Is the opportunity cost of this PPF constant? Kale (bunches) 180 160 140 120 100 80 60 40 20 0 0 20 40 60 Radishes (bunches) 80 100

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 8SQ

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