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July 5, 2015

Homework Help: Economics

Posted by Shellie on Saturday, August 22, 2009 at 2:01pm.

a. Plot (EXCEL directions are on this site.) these production possibilities data, placing automobiles on the horizontal axis. What is the opportunity cost of the first 2,000 automobiles produced? Between which points is the opportunity cost per thousand automobiles highest? Between which points is the opportunity cost per thousand tons of beef highest? (10 pts)

Points are A-E
Beef starting @ A is 10, 9, 7, 4, 0
Autos starting @ A is 0, 2, 4, 6, 8

I'm okay with the graph and the first 2 parts but am unsure on part there since the variation is 2,000 per point

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