Crab Puffs 500 450 400 350 300 250 200 150 100 50 0 Production Possibilities Curve (PPC) 7 8 9 10 11 Storage Sheds Assume that the company is currently producing 7 storage sheds and 325 crab puffs. What is the opportunity cost of producing an additional 2 sheds? The business is producing 400 crab puffs and 2 sheds. Is this efficient? Why or why not? Identify a point that would be considered unattainable. (Write your answer in this format: 0 crab puffs and 0 storage sheds.)

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Chapter1: Making Economics Decisions
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Emerald Calloway - Economix Classwork for Economics 5th X
← C D
→
a se a
■
|||
Emerald Calloway - Economics Unit 1 Review ☆
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Emerald Calloway - Economi x b Enter your payment details
1.
Production
Possibilities
Curve
(PPC)
1500
Toothpicks
2
Ps
7 8 9 10 11
Storage Sheds
11 + B I U A
5
3
டடட 4
Assume that the company is currently producing 7 storage
sheds and 325 crab puffs. What is the opportunity cost of
producing an additional 2 sheds?
xb Home | bartleby
G
E▾
The business is producing 400 crab puffs and 2 sheds. Is this
efficient? Why or why not?
Identify a point that would be considered unattainable. (Write
your answer in this format: 0 crab puffs and 0 storage sheds.)
Assume that the company is producing 800 popsicle sticks.
How many toothpicks are they producing?
Assume that the company is producing 1500 toothpicks and
200 popsicle sticks. What would be the opportunity cost of
producing an additional 400 popsicle sticks?
Identify one inefficient point and one unattainable point. (Write
your answer in this format: Inefficient: 3000 toothpicks and
1400 popsicle sticks.)
x +
TURN IN
▼ 13 ▼
⠀
A
Share
E
X
E
:
10:48 AM
12/6/2023
Transcribed Image Text:m. Emerald Calloway - Economix Classwork for Economics 5th X ← C D → a se a ■ ||| Emerald Calloway - Economics Unit 1 Review ☆ File Edit View Insert Format Tools Extensions Help Ơ Q Search docs.google.com/document/d/1GKW-TYD33-0EXzSCMAIMkqpsEWrSd-N53NcQ4p46qSE/edit A 100% ▼ Normal text …………▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 500 450 400 350 300 250 200 150 100 50 0 Arial Emerald Calloway - Economi x b Enter your payment details 1. Production Possibilities Curve (PPC) 1500 Toothpicks 2 Ps 7 8 9 10 11 Storage Sheds 11 + B I U A 5 3 டடட 4 Assume that the company is currently producing 7 storage sheds and 325 crab puffs. What is the opportunity cost of producing an additional 2 sheds? xb Home | bartleby G E▾ The business is producing 400 crab puffs and 2 sheds. Is this efficient? Why or why not? Identify a point that would be considered unattainable. (Write your answer in this format: 0 crab puffs and 0 storage sheds.) Assume that the company is producing 800 popsicle sticks. How many toothpicks are they producing? Assume that the company is producing 1500 toothpicks and 200 popsicle sticks. What would be the opportunity cost of producing an additional 400 popsicle sticks? Identify one inefficient point and one unattainable point. (Write your answer in this format: Inefficient: 3000 toothpicks and 1400 popsicle sticks.) x + TURN IN ▼ 13 ▼ ⠀ A Share E X E : 10:48 AM 12/6/2023
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