If US decides to use all it resources, it can either produce 50 cars or 25 computers. What is the opportunity cost of US producing a car? A. 0.75 Computers B. 2 Computers C. 0.5 computers D. 1.3 Computers

If US decides to use all it resources, it can either produce 50 cars or 25 computers. What is the opportunity cost of US producing a car? A. 0.75 Computers B. 2 Computers C. 0.5 computers D. 1.3 Computers

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 2PA

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viting this editorial? Alexi and Tony own a food truck that serves only two items, street tacos and Cuban sandwiches. As shown in the table, Alexi can make 80 street tacos per hour but only 20 Cuban sandwiches. Tony is a bit faster and can make 100 street tacos or 30 Cuban sandwiches in an hour. Alexi and Tony can sell all the street tacos and Cuban sand- wiches that they are able to produce. Alexi up Tony Output Per Hour Street Tacos 80 100 Cuban Sandwiches 20 30 d. If Alexi devoted half of her time (10 out of 20 hours) to making street tacos and half of her time to making Cuban sandwiches, how: many of each would she produce in a week? If Tony did the same, how many of each would he produce? How many street tacos and Cuban sandwiches would be produced in total? e. Suppose that Alexi spent all 20 hours of her time on street tacos and Tony spent 17 hours on Cuban Sandwiches and 3 hours on street tacos. How many of each item would be produced? f. Suppose that Alexi and Tony can sell all…
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YUGD KCQ 1 Economics 1A (page 3 of 10) - Google Chrome mancosaconnect.ac.za/mod/quiz/attempt.php?attempt=1022248&cmid=284826&page=2 MANCOSA Study the following diagram and answer the question that follows: Submarines C d b e Type here to search a Galaxy Note20 Ultra 5G 9 The production of Od submarines and Oa hospitals... O A. Is productively inefficient given the available resources. B. Is productively efficient given the available resources. C. Is productively impossible given the available resources. D. Increases the available resources. Hospitals h св D