Suppose that Teavana produces boxes of Jade Citrus Mint Tea and Spiced Apple Cider. Below are the possible combinations of Jade Citrus Mint Tea and Spiced Apple Cider that Teavana can produce. Combination Jade Citrus Mint Tea (X axis) Spiced Apple Cider (Y axis) A 0 50 B 16 45 C 30 35 D 40 20 E 47 0

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Chapter1: Making Economics Decisions
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Suppose that Teavana produces boxes of Jade Citrus Mint Tea and Spiced Apple Cider. Below are the possible combinations of Jade Citrus Mint Tea and Spiced Apple Cider that Teavana can produce.

Combination

Jade Citrus Mint Tea (X axis)

Spiced Apple Cider (Y axis)

A

0

50

B

16

45

C

30

35

D

40

20

E

47

0

What is the opportunity cost (amount & item) of the first 16 Jade Citrus Mint Tea boxes produced? [a]______________

What is the opportunity cost (amount & item ) of increasing production from 16 Jade Citrus Mint Tea to 30 Jade Citrus Mint Tea? [b] _________________

What is the opportunity cost (amount & item) of increasing production from 30 Jade Citrus Mint Tea to 40 Jade Citrus Mint Tea? [c] _________________

What is the opportunity cost (amount & item) of increasing production from 40 Jade Citrus Mint Tea to 47 Jade Citrus Mint Tea? [d] _________________

What is happening to the opportunity cost as Teavana produces more Jade Citrus Mint Tea? [e]______________________

 

What is the opportunity cost (amount & item) of the first 20 Spiced Apple Cider produced? [f]______________________

What is the opportunity cost (amount & item) of increasing production from 20 Spiced Apple Cider to 35 Spiced Apple Cider? [g] ________________

What is the opportunity cost (amount & item )of increasing production from 35 Spiced Apple Cider to 45 Spiced Apple Cider? [h] _____________

What is the opportunity cost (amount & item) of increasing production from 45 Spiced Apple Cider to 50 Spiced Apple Cider? [i] ________________

What is happening to the opportunity cost as Teavana produces more Spiced Apple?

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Follow-up Question

could someone draw a graph on paper please? 

a.  Using one of the graphing tools described in the directions, plot the Production Possibilities Curve for Teavana.

b.  Find the combination of Jade Citrus Mint Tea and Spiced Apple Cider of 47 Jade Citrus Mint Tea and 35 Spiced Apple CiderLabel this point F. What term best describes this point? 

c.   Find the combination of Jade Citrus Mint Tea and Spiced Apple Cider of 16 Jade Citrus Mint Tea and 20 Spiced Apple Cider. Label this point G. What term best describes this point? 

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