esilvar4378
09.07.2019 •
Business
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
Solved
Show answers
More tips
- F Family and Home When and how to start introducing solid foods to your baby?...
- B Business and Finance Moneybookers – What it is and How it Works...
- C Computers and Internet How to Format Your C Drive: Detailed Guide and Tips...
- F Food and Cooking What can and cannot be eaten during Lent?...
- H Health and Medicine What to Do When Your Jaw Locks Up?...
- F Family and Home Why Having Pets at Home is Good for Your Health...
- D Dating, Love, Relationships Is it a Compliment or Flattery: What s the Difference?...
- S Science and Technology The Metric System in Our Daily Life: Understanding Its Importance...
- C Computers and Internet What to Do If Your ICQ Gets Hacked?...
- C Computers and Internet How to Choose a Monitor?...
Answers on questions: Business
- B Business The process of converting an exchange from a mutual ownership structure to a stock owned is known as what?...
- B Business The number of businesses owned by hispanics and asians has:...
- B Business The number of days between the last frost of spring and the first frost of fall is known as...
- B Business Na Ano ang mahalagang papel pagsaayos ng ating ekonomiya? ginampanan ng pamahalaan sa...
- B Business How does the government assist the economically marginalised groups in South Africa?...
- B Biology What are some of the limits of science?...
- B Business All of the following our services that are available at banks except Automatic bill payment ATM Tax accounts Money orders Overdraft protection Debit card Travelers checks Online banking...
- W World Languages Which of the following is expression? ...
- M Mathematics At the end of the week the mileage is 2834 Fayez knows he used 75.2 litres of petrol during this week. The handbook states that the limousine uses 1 gallon of petrol for every 20 miles....
- E Engineering I will be really glad if you can provide me the answer(handcalculations) it is crucial for me...
Ответ:
Opportunity cost of 15 neckties is 15.
Explanation: Opportunity cost refers to the cost of the next best alternative foregone. Per unit opportunity cost can be calculated as the number of units of a good lost divided by the number of units of the good gained.
Combinations available are (20 bow ties, 30 Neckties) or (35 bow ties, 15 neckties)
When he chooses 35 bow ties and 15 neckties, he is forgoing 20 bow ties and 30 neckties.
So,
Units of bow ties gained = 15
Units of neckties foregone = 15
Therefore, the opportunity cost of producing 1 additional necktie is 1.
Therefore, opportunity cost of producing 15 additional neckties will be 15.
Ответ: