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 |
Solution
Solution not provided.
Tips: -
(Hint. -, 10,000, 12,000, 16,000, 18,000, 24,000)
