Tuesday

September 16, 2014

September 16, 2014

Posted by **Cathy** on Wednesday, October 23, 2013 at 10:03pm.

Option Y X

A 0 100

B 80 80

C 120 50

D 140 10

a)Provide a measure of the approximate marginal opportunity cost of an additional unit of X for each interval. Is the law of increasing cost satisfied? Explain

b) Is the production of 100 units of X and 85 units of Y feasible? Why or why not? If so, is it efficient?

C)Is the production of 80 units of X and 75 units of Y feasible? Why or why not? If so, is it efficient?

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