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4. Opportunity cost and production possibilities Frances is a skilled toy maker who is able to produce both trains and drums. She has 8 hours

4. Opportunity cost and production possibilities
Frances is a skilled toy maker who is able to produce both trains and drums. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time.

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4. Opportunity cost and production possibilities Frances is a skilled toy maker who is able to produce both trains and drums. She has 8 hours

4. Opportunity cost and production possibilitiesFrances is a skilled toy maker who is able to produce both trains and drums. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time.

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4. Opportunity cost and production possibilities
Frances is a skilled toy maker who is able to produce both trains and drums. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time.