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The table below shows an economy's production possibilities for producing either pizza or beer. Pizza Beer 100 0 99 14 95 28 89 41 81
The table below shows an economy's production possibilities for producing either pizza or beer.
Pizza | Beer |
100 | 0 |
99 | 14 |
95 | 28 |
89 | 41 |
81 | 53 |
71 | 64 |
59 | 73 |
45 | 80 |
31 | 86 |
16 | 89 |
0 | 90 |
a) If the economy is currently producing 59 Pizza and 73 Beer, what is the opportunity cost of increasing Pizza production to 71?
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