Solved

Pierre Can Produce Either a Combination of 20 Bow Ties

Question 3

Multiple Choice
Pierre can produce either a combination of 20 bow ties and 30 neckties or a combination of 35 bow ties and 15 neckties.If he now produces 35 bow ties and 15 neckties, what is the opportunity cost of producing an additional 15 neckties? A)2 bow ties B)15 bow ties C)20 bow ties D)35 bow ties

Pierre can produce either a combination of 20 bow ties and 30 neckties or a combination of 35 bow ties and 15 neckties.If he now produces 35 bow ties and 15 neckties, what is the opportunity cost of producing an additional 15 neckties?


A) 2 bow ties
B) 15 bow ties
C) 20 bow ties
D) 35 bow ties

Correct Answer:

verifed

Verified

Related Questions

Q1: Figure 2-2
Figure 2-2 </p></div><svg width=

Q2: The attainable production points on a production

Q4: If the production possibilities frontier is _,

Q5: Figure 2-1
Figure 2-1 </p></div><svg width=

Q6: The points outside the production possibilities frontier

Q7: Figure 2-2
Figure 2-2 </p></div><svg width=

Q8: The production possibilities frontier model assumes which

Q9: The production possibilities frontier model shows that
A)if

Q10: The concept of opportunity cost is that
A)in

Q11: The production possibilities frontier shows the _

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents