DiNozzo Wooden Boats 1 20 Crimes Solved What is DiNozzo's opportunity cost for solving a crime? 30 solved crimes O 5 solved crimes O 20 solved crimes O 1/20 of a boat O 1/10 of a boat

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 12RQ: Why is a production possibilities frontier typically drawn as a curve, rather than a straight line?
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Question 12
The figures below depict the production possibilities frontiers (PPFS) for two people who can
allocate the same amount of time between building wooden boats and solving crimes. Refer
to these figures to answer the following questions.
Gibbs
Wooden
Boats
3
30
Crimes Solved
DiNozzo
Wooden
Boats
Transcribed Image Text:Question 12 The figures below depict the production possibilities frontiers (PPFS) for two people who can allocate the same amount of time between building wooden boats and solving crimes. Refer to these figures to answer the following questions. Gibbs Wooden Boats 3 30 Crimes Solved DiNozzo Wooden Boats
DiNozzo
Wooden
Boats
1
20
Crimes Solved
What is DiNozzo's opportunity cost for solving a crime?
30 solved crimes
O 5 solved crimes
20 solved crimes
1/20 of a boat
O 1/10 of a boat
Transcribed Image Text:DiNozzo Wooden Boats 1 20 Crimes Solved What is DiNozzo's opportunity cost for solving a crime? 30 solved crimes O 5 solved crimes 20 solved crimes 1/20 of a boat O 1/10 of a boat
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