economics
posted by Cathy .
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?
Respond to this Question
Similar Questions

economics
I really have to figure out the answers to these questions and i don't know where to start. I don't know how to draw the marginal benefit and marginal cost curves for this question. a.Sketch a marginal benefit and marginal cost diagram, … 
Economics
I picked C as the answer to this question but I am not sure? 
economics
I answered some questions. pls check if they are correct and pls help in questions e and f. Production Possibilities Possibility Maximum Units of Good A Maximum Units of Good B a 200 0 b 180 60 c 160 100 d 100 160 e 40 200 f 0 220 … 
marketing opportunity cost
Maurice receives $100 as a birthday gift. In deciding how to spend the money, he narrows his options down to four choices: Option A, Option B, Option C, and Option D. Each option costs $100. Finally he decides on Option B. The opportunity … 
ECONOMICS
The following table illustrates the points a student can earn on examinations in economics and biology if the student uses all available hours for study. Economics Biology 100 40 90 50 80 60 70 70 60 80 50 90 40 100 Plot this student’s … 
econ
Consider a change in the table in Problem 23. The student’s set of opportunities is now as follows: Economics Biology 100 40 90 60 80 75 70 85 60 93 50 98 40 100 Plot this student’s production possibilities curve. Does the PPC … 
Algebra
83. Minimizing Marginal Cost The marginal cost of a product can be thought of as the cost of producing one additional unit of output. For example, if the marginal cost of producing the 50th product is $6.20, it cost $6.20 to increase … 
economic
The table below is a set of hypothetical production possibilities for a nation. Combination Automobiles(thousands) Beef (thousands of tons) A 0 10 B 2 9 C 4 7 D 6 4 E 8 0 a.)Plot the production possibility data. What is the opportunity … 
economic
6. The table below is a set of hypothetical production possibilities for a nation. Combination Automobiles(thousands) Beef (thousands of tons) A 0 10 B 2 9 C 4 7 D 6 4 E 8 0 a) Plot the production possibility data. What is the opportunity … 
economic
6. The table below is a set of hypothetical production possibilities for a nation. Combination Automobiles(thousands) Beef (thousands of tons) A 0 10 B 2 9 C 4 7 D 6 4 E 8 0 a) Plot the production possibility data. What is the opportunity …