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Your friend Sam has been asked to coke an appetizers for auniversity reception. She has an unlimited amount of ingredients and 6 hours in which
Your friend Sam has been asked to coke an appetizers for auniversity reception. She has an unlimited amount of ingredients and 6 hours in which to prepare them. Sam can make 300 mini-sandwiches or 150 servings of melon slices topped with smoked salmon and a dab of sauceper hour.
- Sam's opportunity cost of making one mini-sandwich is?
- Sam's opportunity cost of making one melon appetizer is?
- Suppose the reception has been postponed, and Sam has an extra 4 hours to prepare. The opportunity cost of making one mini-sandwich is now?
- Suppose the reception has been postponed, and Sam has an extra 4 hours to prepare. The opportunity cost of making one melon appetizer is now?
- Suppose Sam's friend Chris helps by preparing the melon slices, increasing Sam's productivity to 300 mini-sandwiches or 300 melon appetizers per hour. The opportunity cost of making one mini-sandwich is now?
- Suppose Sam's friend Chris helps by preparing the melon slices, increasing Sam's productivity to 300 mini-sandwiches or 300 melon appetizers per hour. The opportunity cost of making one melon appetizer is now?
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