Introduction

Question

An economy produces two goods—T-shirts and cell phones. The following table summarises its production possibilities. Calculate marginal opportunity costs of T-shirts at various combinations.

T-shirts (in millions)

Cell phones

0

90,000

1

80,000

2

68,000

3

52,000

4

34,000

5

10,000

 

Answer

Solution not provided.

Tips: -

(Hint. -, 10,000, 12,000, 16,000, 18,000, 24,000)

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