Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 11, 2024

A bowed out PPF shows the production possibilities for boats and cars. At point C on the curve, 10 boats and 14 cars are produced.

A bowed out PPF shows the production possibilities for boats and cars.

At point C on the curve, 10 boats and 14 cars are produced.

At point D on the curve, 14 boats and 4 cars are produced.

Between points C and D, what is the opportunity cost of 1 boat?

Group of answer choices

None of these answers

0.4

2.5

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

International Economics Theory and Policy

Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz

9th Edition

978-0132146654, 0132146657, 9780273754091, 978-0273754206

Students also viewed these Economics questions

Question

★★★★★

The Scottish Executive, Analytical Services Division Transport Statistics, compiles data on motorcycle casualties. During one year, monthly casualties resulting from motorcycle accidents in Scotland...

Answered: 1 week ago

Question

★★★★★

On January 1, 2008, Hardy, Inc. purchased certain plant assets under a deferred payment contract. The agreement called for making annual payments of $10,000 for five years. The first | - payment is...

Answered: 1 week ago

Question

★★★★★

Anger Consider this statement by Buddha: Holding on to anger is like grasping a hot coal with the intent of throwing it at someone else; you are the one who gets burned. What do you think this...

Answered: 1 week ago

Question

★★★★★

The following data give the selling price, square footage, number of bedrooms, and the age of the houses that have sold in a neighborhood in the past 6 months. Develop three regression models to...

Answered: 1 week ago

Question

★★★★★

Assume it is January 2018 and Johnny's Lunches is considering purchasing a new, energy-efficient grill. The grill will cost $19,400 and will be depreciated in an asset class that carries a CCA rate...

Answered: 1 week ago

Question

★★★★★

An annuity due series of cash flows... ...means the payments occur at the beginning of the compounding period instead of the end. ...is just a confusion tactic to frustrate finance students. ...earns...

Answered: 1 week ago

Question

★★★★★

Which function can be used to specify the width and height of an OpenGL window? glfwCreateWindow, glfwInit, gladLoadGLLoader, or glViewport

Answered: 1 week ago

Question

★★★★★

E.) Develop appropriate access control protocols that provide an appropriate amount of protection while allowing users to continue to operate without denial of service. F.)Justify your access control...

Answered: 1 week ago

Question

★★★★★

Explain the transformation of I.T. service lines and operations processes resulting in transformed business models - do not use other definitions or outsource. In your own words

Answered: 1 week ago

Question

★★★★★

You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company s costing system and do what you...

Answered: 1 week ago

Question

★★★★★

Beam 1 - Simply Supported with 3-point loads 0.25m RAT W W W3 0.2m 0.1m b d 0.5m 0.1m RAY REY Select values for the loads w1, W2 and w3 from the lowest 3 numbers in you student Therefore, the 3...

Answered: 1 week ago

Question

★★★★★

Is there a precise way to measure potential GDP? If not, how does the Central Bank estimate it? How are positive and negative output gaps measured? Article Link:...

Answered: 1 week ago

Question

★★★★★

What are the disadvantages of a negotiated transfer price system?

Answered: 1 week ago

Question

★★★★★

Return on investment computations. The following information relates to the operating performance of three divisions of Walmat Retail Corporation for last year. Walmat evaluates divisional...

Answered: 1 week ago

Question

★★★★★

ROl computations with a capital charge. The following information relates to the operating performance of three divisions of Brazil.com., for last year. a. Compute the rate of return on investment...

Answered: 1 week ago

Previous Question Next Question