Questions and Answers
How many units of pencils are produced in combination E?
12
What is the number of pens produced in combination C?
11
How many units of pens are produced with a production of 0 pencils?
16
Which combination shows the highest number of pens produced?
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If 10 units of pencils are produced, how many units of pens are produced?
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What is the opportunity cost of increasing the production of pencils from 8 to 12 units?
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If the production of pens decreases from 16 to 11 units, how many units of pencils can be produced?
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What is the combination with the least number of pencils produced?
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If the production of pencils is increased from 6 units to 10 units, how many units of pens are foregone?
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Which combination shows equal production of pencils and pens?
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Study Notes
Production of Pencils and Pens
- The production of pencils and pens is shown in Table 1.
- Table 1 has five combinations: A, B, C, D, and E, each with a specific number of pencils and pens produced.
Opportunity Cost of Increasing Pen Production
- The opportunity cost of increasing the production of pens from 7 to 14 units is 6 pencils.
- This means that to produce 7 more pens (from 7 to 14), 6 pencils will not be produced.
Production of Pencils and Pens
- The production of pencils and pens is shown in Table 1.
- Table 1 has five combinations: A, B, C, D, and E, each with a specific number of pencils and pens produced.
Opportunity Cost of Increasing Pen Production
- The opportunity cost of increasing the production of pens from 7 to 14 units is 6 pencils.
- This means that to produce 7 more pens (from 7 to 14), 6 pencils will not be produced.
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