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dskmvld dskmvld
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5 years ago
Table 2-5

Possible Output CombinationsShrimp
(thousands of pounds)		Oysters
(thousands of pounds)
A35  0
B3020
C2535
D2047
E1557
F1064
G  568
H  070

Refer to Table 2-5. The Shellfish Shack produces only shrimp and oysters. The table above shows the maximum possible output combinations of the two types of shellfish using all resources and currently available technology.

a. Suppose The Shellfish Shack is currently producing at point E. What is the opportunity cost of
producing an additional 11,000 pounds of oysters?
b. Suppose The Shellfish Shack is currently producing at point E. What happens to the opportunity
cost of producing more and more shrimp? Does it increase, decrease, or remain constant? Explain your answer.
c. Suppose The Shellfish Shack is currently producing at point B. What happens to the opportunity
cost of producing more and more oysters? Does it increase, decrease, or remain constant? Explain your answer.
d. Suppose The Shellfish Shack is plagued by a disease which destroys oyster beds but not shrimp
habitats. What would happen to its PPF?
Textbook 
Microeconomics

Microeconomics


Edition: 7th
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eltoroeltoro
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dskmvld Author
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5 years ago
Thank you, thank you, thank you!
rileyjones420
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Yesterday
this is exactly what I needed
jakechambo3
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2 hours ago
Correct Slight Smile TY
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