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The figure at right shows a production possibilities curve (PPC) for Joe. He can spend his time making pizzas or chocolate cakes. Using the information
The figure at right shows a production possibilities curve (PPC) for Joe. He can spend his time making pizzas or chocolate cakes. Using the information in the figure, calculate Joe's opportunity cost of producing one pizza and his opportunity cost of producing one chocolate cake. Remember that the opportunity cost is how much of one good must be given up to produce one more unit of the other good. Joe's opportunity cost of producing one pizza is decimal place.) chocolate cake(s). (Round your response to one Joe's opportunity cost of producing one chocolate cake is D pizza(s). (Round your response to one decimal place.) Joe's friend Samantha also makes pizzas and chocolate cakes. The figure at right shows the PPC for Samantha. Using the information in the figure, calculate Samantha's opportunity cost of producing one pizza and her opportunity cost of producing one chocolate cake. Samantha's opportunity cost of producing one pizza is decimal place.) chocolate cake(s). (Round your response to one Samantha's opportunity cost of producing one chocolate cake is D pizza(s). (Round your response to one decimal place.) Samantha's little brother Rahul is also able to make pizzas or chocolate cakes, and he is equally good at each. His opportunity cost of producing either pizza or cake is one unit of the other good. 1.) Using the line drawing tool, draw an example of what Rahul's PPC would look like. Properly label your line. Carefully follow the instructions above and only draw the required object. Pizzas produced per day yer day o Joe's PPC 45+ Q 40 = 354 T T 0 5 10 15 20 25 30 35 40 45 Cakes produced per day o Samantha's PPC 45 Q 40 4 35 30 The figure at right shows a production possibilities curve (PPC) for Joe. He can spend his time making 0 5 10 1'5 20 25 30 35 40 45 pizzas or chocolate cakes. Using the information in the figure, calculate Joe's opportunity cost of producing Cakes produced per day one pizza and his opportunity cost of producing one chocolate cake. Remember that the opportunity cost is how much of one good must be given up to produce one more unit of the other good. 0 Samantha's PPC 45 Joe's opportunity cost of producing one pizza is |:| chocolate cake(s). (Round your response to one Q decimal place.) 40+ = Joe's opportunity cost of producing one chocolate cake is pizza(s). (Round your response to one > 35 decimal place.) T 304 CD o Joe's friend Samantha also makes pizzas and chocolate cakes. The figure at right shows the PPC for 3 254 Samantha. Using the information in the figure, calculate Samantha's opportunity cost of producing one pizza and her opportunity cost of producing one chocolate cake. B g 0 Samantha's opportunity cost of producing one pizza is chocolate cake(s). (Round your response to one _E decimal place.) o Samantha's opportunity cost of producing one chocolate cake is pizza(s). (Round your response to one decimal place.) 0 T T T T T T T 1 0 5 10 15 20 25 30 35 40 45 Samantha's little brother Rahul is also able to make pizzas or chocolate cakes, and he is equally good at Cakes produced per day each. His opportunity cost of producing either pizza or cake is one unit of the other good. 1.) Using the line drawing tool, draw an example of what Rahul's PPC would look like. Properly label your Rahul's PPC @ line. 45 Q Carefully follow the instructions above and only draw the required object. 40 > The figure at right shows a production possibilities curve (PPC) for Joe. He can spend his time making pizzas or chocolate cakes. Using the information in the figure, calculate Joe's opportunity cost of producing one pizza and his opportunity cost of producing one chocolate cake. Remember that the opportunity cost is how much of one good must be given up to produce one more unit of the other good. Joe's opportunity cost of producing one pizza is chocolate cake(s). (Round your response to one decimal place.) Joe's opportunity cost of producing one chocolate cake is pizza(s). (Round your response to one decimal place.) Joe's friend Samantha also makes pizzas and chocolate cakes. The figure at right shows the PPC for Samantha. Using the information in the figure, calculate Samantha's opportunity cost of producing one @ pizza and her opportunity cost of producing one chocolate cake. Samantha's opportunity cost of producing one pizza is D chocolate cake(s). (Round your response to one decimal place.) Samantha's opportunity cost of producing one chocolate cake is decimal place.) :l pizza(s). (Round your response to one Samantha's little brother Rahul is also able to make pizzas or chocolate cakes, and he is equally good at each. His opportunity cost of producing either pizza or cake is one unit of the other good. 1.) Using the line drawing tool, draw an example of what Rahul's PPC would look like. Properly label your line. Carefully follow the instructions above and only draw the required object. Pizzas Pizzas produced per day 30 25+ 20+ 5 10 15 20 25 30 35 Cakes produced per day Rahul's PPC 15 20 25 30 35 Cakes produced per day 40 40 45 Q Q [ 45
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