Irving has 10 hours available for knitting scarves and hats. It takes him 20 minutes to knit a scarf and 10 minutes to knit a hat. His current plan is to make 2 scarves and1 hat. What is his opportunity cost (in terms of hats) of knitting one more scarf than is in his plan? Enter a number (and only a number, no units) rounded to two decimal places. If your answer is 1.275, enter 1.28. 2

Irving has 10 hours available for knitting scarves and hats. It takes him 20 minutes to knit a scarf and 10 minutes to knit a hat. His current plan is to make 2 scarves and1 hat. What is his opportunity cost (in terms of hats) of knitting one more scarf than is in his plan? Enter a number (and only a number, no units) rounded to two decimal places. If your answer is 1.275, enter 1.28. 2

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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