If no salads are made, then sandwiches can be made. If 6 sandwiches are made, then salad(s) can be made. The opportunity cost of making 1 salad is sandwiches.
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At what points will Al be producing the most equal amounts of sandwiches and salads? At what point will Al not be using his resources efficiently? Which point is not possible for production at this time?
The maximum number of running shoe inserts that can be produced is . At possibility B, pairs of running shoe inserts can be produced. At possibility D, pairs of hiking boot inserts can be produced.
At which point are you producing all running shoe inserts and no hiking boot inserts? Which production point would be a goal for the future but cannot be attained now?
According to the production possibilities curve, what is your opportunity cost for producing one pair of hiking boot inserts?
You have just seen the production possibilities for your new store.Use this information to write two to three sentences explaining which item is better for you to produce and why.
Running shoe inserts are better for me to produce because they have a lower opportunity cost than hiking boot inserts. Producing them requires fewer resources and may lead to greater profits.
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Which factors did you discuss in your response? Check all that apply.
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