Thursday
July 24, 2014

Homework Help: economics

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

Consider the following production possibilities table:

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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