A clothing factory manufactures leather as well as denim jackets. Suppose the opportunity cost of manufacturing one more leather jacket is 1.5 denim jackets. In this case, the opportunity cost of a denim jacket is how many leather jackets? (Round your answer to 2 decimal places.)

A clothing factory manufactures leather as well as denim jackets. Suppose the opportunity cost of manufacturing one more leather jacket is 1.5 denim jackets. In this case, the opportunity cost of a denim jacket is how many leather jackets? (Round your answer to 2 decimal places.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A clothing factory manufactures leather as well as denim jackets.
Suppose the opportunity cost of manufacturing one more leather
jacket is 1.5 denim jackets. In this case, the opportunity cost of a
denim jacket is how many leather jackets? (Round your answer to
2 decimal places.)

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