Opportunity Cost Answers

Based on what you have read, if Jasmine works at the supermarket, what is her opportunity cost?

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Based on what you have read, what is the opportunity cost of the glass-making company’s decision?

In one hour of work, Raj can make 60 doughnuts or 20 croissants. Refer to that information and use the drop-down menu to fill in the missing parts of the production possibility schedule. (1) (2) (3)

A company that produces gold-plated baseballs and baseball bats only makes a total of 25 items per year, in any combination.Which point on the graph indicates that the company is making an equal number of baseballs and bats?

Study the graph again. If the company produces twenty bats, what is the maximum number of balls it can produce?

Imagine that the company invented a machine that would double the production of baseballs and bats.In such a case, what would happen to the curve in the graph?

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