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.)

Paul, Ringo, and George have a business where they visit people's homes to mow lawns and wash cars. Paul can wash 6 cars or mow 3 lawns in one hour. Ringo can wash 3 cars or mow 3 lawns in one hour. George can wash 3 cars or mow 6 lawns in one hour. They each work 6 hours per day. If two of them wash cars and one mows lawns then at most they can wash cars and mow lawns. Enter whole numbers.

Based on the production possibility frontier below, what is the opportunity cost of producing the first 6 TVs (the answer will be in number of cars)(only enter the number)? (The number in the table represent daily production in thousands of units) Cars; 0, 1, 2, 3, 4, 5 TVs: 20, 18, 15, 11, 6, 0

Which is a good example of an opportunity cost? 1. “To begin, I began selling prints of my pictures in 2019 throughout 2020. It's now closed. USPS and UPS were the options I had during this period to ship out orders. UPS was expensive at the moment for smaller or lightweight packages whereas USPS offered a cheap price for these types of packages. UPS ships more than 220 internationally while USPS ships to certain international destinations. I have chosen USPS over UPS, orders were delivered on time and without damage by the United States Postal Service. The opportunity cost is the cost of UPS shipping. “ 2. “To begin, I began selling prints of my pictures in 2019 throughout 2020. USPS and UPS were the options I had during this period to ship out orders. I chose to ship my orders via UPS rather than USPS since it had the choice to ship orders internationally. While USPS is cheap and has fast shipping. Shipping the orders with UPS did not ship orders out on time, orders were damaged, and…

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Consider Figure 2-2 in Chapter 2. Assume the numbers on the y-axis 820 and 610 were changed to respectively 800 and 700. The opportunity cost of going from 240 to 480 units of food would now be _ and the law of increasing (opportunity) cost__ still hold. a) 100 // would b) 800 // would c) 700 // would not d) 100 // would not

In a month, Carlos can produce a maximum of either 50 bushels of pears or 25 bushels of apples, or any linear combination in between.Similarly, Debora can produce a maximum of either 40 bushels of pears or 10 bushels of apples, or any linear combination in between. What is the opportunity cost for Carlos to produce one more bushel of apples in terms of pears? One bushel of apples equals     bushels of pears.What is the opportunity cost for Debora to produce one more bushel of apples in terms of pears? One bushel of apples equals    bushels of pears. What would Debora and Carlos agree to as acceptable terms of trade?     bushels of pears per bushel of apples.

Suppose initially that the United States is consuming 2 boots and 18 shirts and Canada is consuming 12 boots and 2 ​shirts, as indicated in the figure. ​ Then, suppose the United States and Canada specialize by each only producing the good for which they have a comparative advantage and then trade. In​ particular, suppose the United States trades Canada half of its production for half of what Canada produces. The United States will have ? additional​ shirt(s) after the trade ​(enter a numeric response using an​ integer)

An economy consists of three workers: Lorenzo, Sam, and Andrew. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Lorenzo can either mow 1 lawn or wash 2 cars; Sam can either mow 1 lawn or wash 1 car; and Andrew can either mow 2 lawns or wash 1 car. For each of the scenarios listed in the following table, determine how many lawns will be mowed and how many cars will be washed per day and enter these values into the corresponding row. Scenario All three spend all their time mowing lawns. (A) All three spend all their time washing cars. (8) All three spend half their time on each activity. (C) Lorenzo spends half his time on each activity, while Sam only washes cars and Andrew only mows lawns. (D) In the following table, identify the opportunity cost of washing cars for each worker. Worker Opportunity Cost of Washing Cars Lorenzo Sam Andrew Lawns Mowed Cars Washed E

Suppose your Chaffey college tuition per semester is $4,000 and your extra expenses with the college during the year (books, ather materiais, gas, meals, etc) sum $3,000. If you were not attending college, you could work at firm X and get an annual salary of $ 5,000. What is your opportunity cost of attending college in one year? In your calculations assume that you are taking 2 semesters in a year