Microeconomics
Microeconomics
2nd Edition
ISBN: 9781259813337
Author: KARLAN, Dean S., Morduch, Jonathan
Publisher: Mcgraw-hill Education,
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Chapter 2, Problem 2PA
To determine

(a)

To find: Sam's opportunity cost of making one mini-sandwich.

To determine

(b)

To find Sam's opportunity cost of making one melon appetizer.

To determine

(c)

To find Sam's opportunity cost of making one mini sandwich if she has an extra four hours to prepare.

To determine

(d)

To find Sam's opportunity cost of making one melon appetizer if she has an extra four hours to prepare.

To determine

(e)

To find Sam's opportunity cost of making one mini-sandwich if Sam's friend Chris helps by preparing the melon slices, increasing Sam's productivity to 300 mini-sandwiches or 300 melon appetizers per hour.

To determine

(f)

To find Sam's opportunity cost of making one melon appetizer if Sam's friend Chris helps by preparing the melon slices, increasing Sam's productivity to 300 mini-sandwiches or 300 melon appetizers per hour.

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