se the following information for this question: Assume that the following table illustrates amount of 2 services that can be produced by 2 individuals in one day. For example, Rita could collect 12 coconuts OR catch 6 fish in one day.   Rita Lauren Coconuts 12 12 Fish 6 3 For Lauren, the opportunity cost of 1 fish is... Group of answer choices 2 coconuts 4 coconuts 3 coconuts 12 coconuts

Suppose Liam's Automotive,  a repair shop: offers two items: oil changes and tires.  With all employees working diligently, the shop can produce these combinations each hour. Type of Product:                        Production Alternatives                                                       A              B              C             D             E Oil Changes                              0                10             20           30          40 Tires.                                       80                60             40           35           0 Calculate the opportunity costs of moving from one point to each of the others (This is not a calculation provided in the text: What's the tradeoff?): Provide the answers after showing all work, and explain if theses costs are constant. What would it mean if the shop was actually doing 15 Oil Changes and 35 Tires? What would it mean if the shop was actually doing 35 Oil Changes and 35 tires?

Hats Umbrellas Minnie 40 10 Mickey 50 LO 5 Table 2-8 shows the output per week of two people, Minnie and Mickey. They can either devote their time to making hats or making umbrellas. Refer to Table 2-8. What is Mickey's opportunity cost

5. Opportunity cost and production possibilities Sam is a talented artist who sells hand-crafted goods on his website. Sam currently crafts and sells both crochet hats and pillows. He spends 8 hours a day working on crafts. The following table gives different daily output scenarios depending on how much of his time is spent on each good. Choice A B C D E PILLOWS 30 25 20 On the following graph, use the blue points (circle symbol) to plot Sam's initial production possibilities frontier (PPF). 15 10 5 0 Hours Crafting Produced (Crochet hats) (Pillows) (Crochet hats) (Pillows) 0 0 9 15 17 18 0 8 6 4 2 0 1 2 3 2 4 6 8 4 5 CROCHET HATS 4 3 2 6 1 0 7 8 Initial PPF A New PPF (?)