1 Katie is planning to sell her house, and she is considering making two upgrades to the house before listing it for sale. Replacing the carpeting will cost her $2,500 and replacing the roof will cost her $9,000. Katie expects the new carpeting to increase the value of her house by $3,000 and the new roof to increase the value of her house by $7,000. a. She should replace the carpeting but not replace the roof. b. She should not make either improvement to her house. c. She should make both improvements to her house. d. She should replace the roof but not replace the carpeting. 2.5 points QUESTION 2 The opportunity cost of obtaining more of one good is shown on the production possibilities frontier as the a. number of dollars that must be spent to produce it. b. amount of the other good that must be given up. c. market price of the additional amount produced. d. amount of resources that must be devoted to its production