Quiz: Quiz 1 x G in one hour John can pr 1292608/quizzes/1735258/take False DQue

Question

Quiz: Quiz 1 x G in one hour John can pr 1292608/quizzes/1735258/take False DQuestion 11 4 pts In one hour John can produce either 4 units of good X or 12 units of good Y. He works an 8 hour day. In his 8 hour day he can produce either units of good X or units of good Y The opportunity cost of producing one unit of good X is good Y The opportunity cost of producing 12 units of good X is good Y If John wants to produce 12 units of good X then he will be able to produce at most units of units of units of good Y. Enter numbers rounded to two decimal places as necessary SonidMaster

Explanation / Answer

Q.11
8 hours he can produce either 32 units of good X or 96 units of good Y
The opportunity cost of producing one unit of good X is 3 units of good Y
The opportunity cost of producing 12 units of good X is 36 units of good Y
If John wants to produce 12 units of good X then he will be able to produce at most 60 units of good Y

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