ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Editing Dictate T Normal T No Spac. Heading 1 三 |, Voice Sen Paragraph Styles N. Draw a new curve, on the same graph, reflecting what the PPC might look like if new production technology is invented to speed up production in just the Sports Drinks industry. Suppose that the nation of Copperton produces nutmeg and cinnamon Below are the possible combinations of nutmeg and cinnamon that Copperton can produce. Nutmeg metric tons (Y axis) Cinnamon metric tons (X axis) 7,000 Combination 5,000 6,500 5,500 3,500 B 9,000 12,000 14,000 A On the graph below, plot the Production Possibilities Curve for Copperton B. What is the opportunity cost of the first 3,500 tons of cinnamon produced? C. What is the opportunity cost of increasing production from 3,500 tons of cinnamon to 5.500 tons of cinnamon? D. What is the opportunity cost of increasing production from 5,500 tons of cinnamon to 6,500 tons of cinnamon? E. What is the opportunity cost of increasing production from 6,500 tons of cinnamon to 7,000 tons of cinnamon? What is happening to the opportunity cost as CoRperton produces more cinnamon? G. What is the opportunity cost of the first 5,000tons of nutmeg produced? What is the opportunity cost of increasing production from 5,000 tons of nutmeg to 9,000 tons of nutmeg? H. I What is the opportunity cost of increasing production from 9,000 tons of nutmeg to 12,000 tons of nutmegs? What is the opportunity cost of increasing production from 12,000 tons of nutmeg to 16,000 tons of nutmeg? K. What is happening to the opportunity cost as Copperton produces more nutmeg? J D Focus DELL
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Transcribed Image Text:Editing Dictate T Normal T No Spac. Heading 1 三 |, Voice Sen Paragraph Styles N. Draw a new curve, on the same graph, reflecting what the PPC might look like if new production technology is invented to speed up production in just the Sports Drinks industry. Suppose that the nation of Copperton produces nutmeg and cinnamon Below are the possible combinations of nutmeg and cinnamon that Copperton can produce. Nutmeg metric tons (Y axis) Cinnamon metric tons (X axis) 7,000 Combination 5,000 6,500 5,500 3,500 B 9,000 12,000 14,000 A On the graph below, plot the Production Possibilities Curve for Copperton B. What is the opportunity cost of the first 3,500 tons of cinnamon produced? C. What is the opportunity cost of increasing production from 3,500 tons of cinnamon to 5.500 tons of cinnamon? D. What is the opportunity cost of increasing production from 5,500 tons of cinnamon to 6,500 tons of cinnamon? E. What is the opportunity cost of increasing production from 6,500 tons of cinnamon to 7,000 tons of cinnamon? What is happening to the opportunity cost as CoRperton produces more cinnamon? G. What is the opportunity cost of the first 5,000tons of nutmeg produced? What is the opportunity cost of increasing production from 5,000 tons of nutmeg to 9,000 tons of nutmeg? H. I What is the opportunity cost of increasing production from 9,000 tons of nutmeg to 12,000 tons of nutmegs? What is the opportunity cost of increasing production from 12,000 tons of nutmeg to 16,000 tons of nutmeg? K. What is happening to the opportunity cost as Copperton produces more nutmeg? J D Focus DELL
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