4 years ago

If the economy is at point c, what is the (opportunity) cost of 2 more automobiles?

1 answer:

4 0

I don't know what point C is but I do know what opportunity cost is and will attempt to give you some more insight into the question. Opportunity cost is a trade off. It's what you give up in order to obtain something else. For example, you would pay more in order to have a car with more safety features. A higher price for the consumers in exchange for more safety.

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Anthony, Brian and Chris are hired for a job. If Anthony and Brian are working together they will finish the job in minutes. If

Tcecarenko [31]

Answer:

12.5

Step-by-step explanation:

Let individual time taken by Anthony, Brian and Chris = t1 , t2 , t3 respectively

So, total time taken by A & B = 1 / t1 + 1 / t2 , lets suppose = 10 {i}

Total time taken by A & C = 1 / t1 + 1 / t3 , lets suppose = 15 {ii}

Total time taken by B & C = 1 / t2 + 1 / t3 , lets suppose = 20 {iii}

From {i} , 1 / t2 = 10 - 1 / t1

From {ii} 1 / t1 = 15 - 1 / t3