Question Help Suppose one factory produces residential windo

Question Help Suppose one factory produces residential windows and doors. The following scenarios describe varlous straigh-ine produdtion possibility boundaries for this factory. Each scenario describes the numbers of doors that could be produced in one day i all tho factory\'s resources were devoted to producing doors and the number o factory owner of producing one extra door a. 1750 windows; 350 doors The opportunity cost to the factory owner of producing one extra door iswindow(o). in one day if all the factory\'s resources were devoted to producing windows. For each scenario, caiculate the opportunity cost to the Round your answer to two decimal places.) Enter your answer in the answer box and then click Check Answer

Solution

Opportunity cost is the cost of the next best alternative forgone.

Opportunity cost = Chang in production of X/ change in 1 unit production of Y

Opportunity cost for producing one extra door = 1750/350 = 5 windows