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2 years ago

Calculate the opportunity cost if cliffordstan switched from producing combination c to producing b.

Business

1 answer:

Whitepunk [10]2 years ago

5 0

The opportunity cost of shifting from point C to D is 40 tons of oranges.

<h3>What is the formula for calculating opportunity cost?</h3>

Opportunity cost is the help you forego in choosing one duration of action over another. You can determine the opportunity cost of picking one investment option over another by using the following method: Opportunity Cost = Return on Most Profitable Investment Choice - Return on Investment Chosen to Pursue. The law of increasing opportunity cost: As you increase the production of one good, the opportunity expense to produce the more goods will increase.

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3 years ago

An assembly line with 40 activities is balanced using 17 workstations and a finished product can be produced every 6.5 minutes.

asambeis [7]

Answer:

Maximum daily production rate= 6.125 units per day.

Minimum daily production rate= 75.38 units per day

Explanation:

Production rate is defined as the number of units of a product that is produced in a process in unit time.

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