The table shows Robinson Crusoe\'s production possibilities. Fish (pounds Berrie

Question

The table shows Robinson Crusoe's production possibilities. Fish (pounds Berries pounds 36.0 35.0 33.0 30.0 26.0 21.0 15.0 8.0 Possibility If Crusoe increases production of berries from 21.0 pounds to 26.0 pounds and his production is efficient, his opportunity cost of producing 1 pound of berries is pound of fish. >>Answer to 1 decimal place. Crusce's opportunity cost of producing an extra pound of berries 12.0 22.5 31.5 39.0 45.0 49.5 52.5 54.0 as he produces more berries. O A. increases O B. sometimes increases and sometimes decreases O C. decreases OD, does not change

Explanation / Answer

Answer
The opportunity cost of goog x=change in the production of good y/change in the production of good x
Opportunity cost of increasing production of berries from 21 to 26
=(45-39)/(26-21)
=1.2
The opportunity cost of producing one pound of berries=1.2 pound of fish

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Option A

Increasing

Possiblities Fish Berries OC Berry A 0 36 12 B 12 35 5.25 C 22.5 33 3 D 31.5 30 1.88 E 39 26 1.2 F 45 21 0.75 G 49.5 15 0.43 H 52.5 8 0.19 I 54 0

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