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Homework Help: Microecinomics

Posted by Denise on Friday, March 25, 2011 at 10:23pm.

If Michelle devotes all her resources to growing potatoes, she can raise 200 pounds of potatoes per year. If she devotes all her resources to raising chickens, she can raise 50 chickens per year. (If she apportions some resources to each, then she can produce any linear combination of chickens and potatoes that lies between those extreme points,• What is Michelle’s opportunity cost of producing potatoes?
What is Michelle’s opportunity cost of producing chickens?

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