Answered: What is the opportunity cost of one sled for Winter?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN: 9780190931919

Author: NEWNAN

Publisher: Oxford University Press

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Question

Refer to the table. What is the opportunity cost of one sled for Winter?

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Table 3-4
Summer
Winter
a.
Labour hours needed to make 1 unit:
Beach Balls
b.
O c.
d.
6
3
3/4 beach ball
1 beach ball
Sleds
4/3 beach balls
3 beach balls
2
Refer to the table. What is the opportunity cost of one sled for Winter?
4
Amount produced in 24 hours:
Beach Balls
4
Sleds
12
6

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