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What is the opportunity cost of an additional set

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Production alternatives

Production type                           A             B             C             D             E             F                             

Set of 8 soft drink bottles          0              4             10           15           19           22                           

12 juice box                                  58           56           48           32           16           0       

1. Represent this data on a graph.                          

1. Represent this data on a graph.

a. To. What specific assumptions are represented by this production possibilities curve?

b. If a firm is at point C, what is the opportunity cost of an additional set of soft drinks? From an extra juice box?

c. If the company characterized in this table produced seven sets of 8 bottles of soft drinks and 40 cases of 12 juices, what could conclude about the use of available resources?

d. Is production currently possible at a point outside the production possibilities curve? Explain your answer.

Reference no: EM133128606

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