Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

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

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.