Residents of the nation of Northland can forgo production
Residents of the nation of Northland can forgo production of digital televisions and utilize all available resources to produce 300
bottles of​ high-quality wine per hour.​ Alternatively, they can forgo producing wine and instead produce 60 digital TVs per hour.
In the neighboring country of West​ Coast, residents can forgo production of digital TVs and use all resources to produce 150 bottles of​ high-quality wine per​ hour, or they can forgo wine production and produce 50 digital TVs per hour.
In both​ nations, the opportunity costs of producing the two goods are constant.
​Note: Throughout this problem enter each numeric response as a whole number or fraction.
The opportunity cost of producing 1 digital TV in Northland is
bottles of​ wine,and the opportunity cost of producing 1 bottle of wine in Northland is
? digital TVs.
The opportunity cost of producing 1 digital TV in West Coast is ?
Â
bottles of​ wine,and the opportunity cost of producing 1 bottle of wine in West Coast is
? digital TVs.
Answers
Status NEW
Posted 22 Jun 2017 02:06 AM
My Price 6.00
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file 1498099805-Solutions file.docx preview (56 words )
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