During World War II, auto production was cut drastically. The resources available could be used to produce tanks or passenger cars. The resources could be used in the following ways.Number of Tanks (1000’s) Number of Cars (1000’s)A.0150B.10145C.20130D.30100E.4060F.500d)Where is the opportunity cost greater when giving up cars for tanks - moving from point B to C or from E toF? State the numbers.e) Where is the opportunity cost greater when giving up tanks for cars - moving from Point E to D or from point C to B? State the numbers

According to the given table, given resources are use dto produce two items that are tanks and cars…

Answered: Number of Tanks (1000’s) Number of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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During World War II, auto production was cut drastically. The resources available could be used to produce tanks or passenger cars. The resources could be used in the following ways.

Number of Tanks (1000’s) Number of Cars (1000’s)

A.	0	150
B.	10	145
C.	20	130
D.	30	100
E.	40	60
F.	50	0

d)Where is the opportunity cost greater when giving up cars for tanks - moving from point B to C or from E toF? State the numbers.

e) Where is the opportunity cost greater when giving up tanks for cars - moving from Point E to D or from point C to B? State the numbers

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