Question

calculate the opportunity cost of producing the first 10 missiles. 4. calculate the opportunity cost of producing the last 10 missiles.

Answer 1

Milk in 6 million gallons

Milk Missiles (Millions of Gallons)

0 40 \s 10 34 \s 20 27 \s 30 19 \s 40 10 \s 50 0

The economic benefit of manufacturing the final 10 missiles should be calculated.

10,000,000,000 gallons of milk

Milk Missiles (Millions of Gallons)

0 40 \s 10 34 \s 20 27 \s 30 19 \s 40 10 \s50 0

What would it imply if the economy was in its initial state?

Points inside the curve indicate inefficiency, waste, and underutilization of capacity.

Read the second point carefully.

Since we are measuring in physical units, a point outside the curve indicates that something is impossible.

given available resources and technology, unattainable (and time). If we were calculating in money, it

would imply price increases or inflation.

To know more about inflation click here

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