Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

14 Use information in the table below to answer QUESTIONS 29 - 30 The CHOL-CO Inc. produces two products in the combinations shown in the

image text in transcribedimage text in transcribed
14 Use information in the table below to answer QUESTIONS 29 - 30 The CHOL-CO Inc. produces two products in the combinations shown in the table below. The numbers are represented in thousands. Use this information to answer questions 29- 30. Production Production cans Point chocolate bars of cola A 0 100 B 10 90 C 20 70 30 40 E 40 0 If the company currently operates at the production mix represented by D, and decided to shift their production mix to B in order to capitalize on changes in market fundamentals which caused demand for colas to increase. What is the opportunity cost of increasing the production of cola to 90,000? (2 marks) Select one: O a. 20,000 chocolate bars O b. 50,000 chocolate bars O c. 20,000 cans of cola(D d. 50,000 cans of cola If the manufacturer adds another machine that improved the productivity of the whole factory, what will be the most likely outcome? Select one: Q a. A pivot of the PPF O b. Leftward shift of the PPF O c. Rightward pivot of the PPF Q d. Rightward pivot of the supply curve

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

18th edition

978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694

More Books

Students also viewed these Economics questions

Question

5. It is the needs of the individual that are important.

Answered: 1 week ago