If Crusoe increases production of berries from 42.0 pounds to 52.0 pounds and production is efficient, his opportunity cost of

Question

2 years ago

5

producing 1 pound of berries is enter your response here pound of fish.

1 answer:

sergeinik [125] · Answer 1 · 2023-06-16T22:52:01+03:00

Crusoe's opportunity cost for producing a pound of berries would be 0.4 pounds of fish.

<h3>What is the opportunity cost of the fish?</h3>

This can be found as:

= Change in quantity of fish / Change in quantity of berries

Solving gives:

= (30 - 26) / 52 - 42

= 4 / 10

= 0.4 pounds of fish

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If Crusoe increases production of berries from 42.0 pounds to 52.0 pounds and production is​ efficient, his opportunity cost of