Refer to the table. Answer questions on the basis of the data given in the following table. Produc tion Possibili ties Table E 60 Products A D Avocados 20 24 40 Soybeans 15 10 5 If the economy is producing at production alternative C, the opportunity cost of one more avocados (or twenty fifth units of avocados) will be? 1) 1/2 units of soybeans. 2) 1/4 of a unit of soybeans. 3) 4 units of soybeans. 4) 2 units of soybeans.

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Suppose a nation has a total of 12 units of labor, which can be used to produce either guns orbutter. One gun takes 6 units of labor to produce and 1 butter takes 2 units of labor toproduce.Evaluate the allocation of resources of this country based on the following points.• Reason for the scarcity that exists in this economy. Use the data as evidence of yourreasoning.• Maximum quantity of guns that can be produced.• Maximum quantity of butter than can be produced.• Diagram which represents the nation’s production possibility curve.• Opportunity cost of guns in this nation• Reason why the nation can’t produce both 3 guns and 4 butters.• Reason why the nation shouldn’t produce both 1 gun and 2 butters.

R Imagine that it costs $40 in the United States to produce one ton of soybeans and transport them to market, while it costs $30 in Brazil to produce one ton of soybeans and transport them to market Imagine that it costs $20,000 in the United States to produce one automobile and transport it to maket, while costs $10,000 in Brazil to produce one automobile and transport it to market. Which of the following four arrangements would be most efficient? (Hint: Derived OC from PPF (production) = 1/OC derived from costs to make ) a. The United States should produce everything, since it can produce both soybeans and automobiles better than Brazil can produce them. Ob. Brazil should specialize and produce only automobiles. The United States should specialize and produce only soybeans. Then the two countries should trade with each other. Brazil will send automobiles to the United States, while the United States sends soybeans to the Brazil. Oc. The United States should specialize and produce…

Suppose the price of reusable straws is $25 and the price of Apple Air Pods is $100. What is the opportunity cost of Apple Air Pods in terms of reusable straws?  Group of answer choices 5 reusable straws 4 reusable straws 1/4 of a reusable straw $25 25 reusable straws

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Ice cream (millions of gallons per year) 5 A 4 В 3 2 3 4 Milk (millions of gallons per year) The figure above shows the production possibilities frontier for a country. The opportunity cost of a gallon of milk between combination point A and Bis A) 4 gallons of ice cream for a gallon of milk. B) 3 gallons of ice cream for a gallon of milk. C) 1 gallon of ice cream for a gallon of milk. D) 1/3 of a gallon of ice cream for a gallon of milk. E) zero because at point A, zero milk is being produced.

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05. What is the per-unit opportunity cost of product Y as production moves from point D to point B?     a) 6/7     b) -6/7     c) 7/6     d) -7/6

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