Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
vurt777 vurt777
wrote...
Go to Answer
Posts: 157
Rep: 0 0
A year ago

Figure 1-7 shows the production possibilities boundary for an economy that produces two goods-cotton and bananas.

Short description: A graph plots tonnes of bananas against tonnes of cotton. Long description: The horizontal axis representing tonnes of bananas (x) ranges from 0 to 400, in increments of 100. The vertical axis representing tonnes of cotton (y) ranges from 0 to 1500, in increments of 500. The graph shows a curve that passes through the following points: A (0, 1500), B (100, 1440), C (200, 1280), D (300, 920), E (360, 500), and F (400, 0).

FIGURE 1-7

Refer to Figure 1-7. A production possibilities boundary is shown for an economy that produces two goods-cotton and bananas, both measured in tonnes produced per year. If the economy moves from point C to point D, what is the opportunity cost of each extra tonne of bananas produced?



▸ 3.75 tonnes of cotton

▸ 3.6 tonnes of cotton

▸ 375 tonnes of cotton

▸ 0.36 tonnes of cotton

▸ 36 tonnes of cotton
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 59 times
1 Reply
Replies
Answer verified by a subject expert
avi420avi420
wrote...
#1
Posts: 124
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

vurt777 Author
wrote...

A year ago
This helped my grade so much Perfect
bbbbbbbh
wrote...

Yesterday
Smart ... Thanks!
shimyshiguy
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1281 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 329
  
 165
  
 318