Production units ofY Units ofX Oppoerunity cost of 1 moreunit of X possibility a
ID: 1240177 • Letter: P
Question
Production units ofY Units ofX Oppoerunity cost of 1 moreunit of Xpossibility
a 50 0
b 47 1
c 39 2
d 29 3
e 17 4
f 0 5
that is a graph
1. complete last column
2.does this example illustrate constant, increasing or decreasingopportunity costs? How can you tell?
3.Is it currently possible to produce 25 units of Y and 2 units ofX? Is this outcome efficent? briefly explain
4.is it currently possible to produce 39 units of Y and 4 units ofX? briefly explain?
Explanation / Answer
Production units ofY Units ofX Oppoerunity cost of 1 moreunit of Xpossibility
a 50 0 0
b 47 1 3
c 39 2 8
d 29 3 10
e 17 4 12
f 0 5 17
that is a graph
1. complete last column-DONE!
2.does this example illustrate constant, increasing or decreasingopportunity costs? How can you tell?
Increasing, last column
3.Is it currently possible to produce 25 units of Y and 2 units ofX? Is this outcome efficent? briefly explain
Yes, the outcome is not efficient, it is inside the PPC curve, soit is inefficient
4.is it currently possible to produce 39 units of Y and 4 units ofX? briefly explain?
NO, it is outside the PPC
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