Checkpoint 2 Problem 1 Question The table shows Robinson Cru

Checkpoint 2 Problem 1 Question The table shows Robinson Crusoe\'s production possibilities. t Crusoe increases production of berries from 42.0 pounds to 52.0 pounds and his Fish Berries Possibility 16.0 30.0 2.0 520 60.0 72.0 70.0 66.0 60.0 52.0 so> Answer to 1 decimal place 420 30.0 160 ryour answer in the answer box and then click Check Answer 5 6 9

Solution

Solution: 0.8

Explanation: If Crusoe increases production of berries from 42.0 pounds to 52.0 pounds, thus have to move from F to E, thus have to decrease the number of fish. To know the opportunity cost of 1 pound of berries as the fall in the quantity of fish divided by the rise in the quantity of berry. The quantity of berries is increasing by 10 pounds. The fish quantity decreased by 8 pounds. Thus the opportunity cost equals 0.8 (=8/10)

When Crusoe produces more berries the opportunity cost of an extra pound of berries increases