Answered

Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Our platform offers a seamless experience for finding reliable answers from a network of experienced professionals. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

If the economy is currently producing at point c, what is the opportunity cost of moving to point b? 10 thousand wrenches

Sagot :

sakshigupta4990

The economy is currently producing at point c, 10 Thousand wrenches are the opportunity cost of moving to point b.

At point C. It produces 10 thousand hammers and 40 thousand wrenches. If we move to point B, it will produce 23 thousand hammers and 30 thousand wrenches.

So to produce13 thousand additional hammers, the production of wrenches should be cut by 10 thousand. It is the opportunity cost of producing extra 13 thousand hammers.

Economics is defined as the management of financial matters in communities, businesses, or families. An example of an economy is the US stock exchange system. Careful use of assets, resources, etc. Reduce waste through careful planning and use. economical or frugal use.

Learn more about Economics at

https://brainly.com/question/1106682

#SPJ4

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.