1. In spite of the lower opportunity cost of rail-gun projectiles instead of missiles, does the U.S....

Question:

1. In spite of the lower of rail-gun projectiles instead of missiles, does the U.S. Navy continue to face an increasing additional cost, in terms of forgone ship production, to obtain additional weapons? Explain briefly.
2. Could the U.S. Navy expand its production of both ships and weapons after switching from missiles to rail-gun weapons? Explain your reasoning. (Hint: Are there points along PPC2 involving combinations of both more ships and more weapons than is feasible at point A
Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...