Assume the United States has the production possibilities to produce either 85 coconuts or 80 lemons...
Assume the United States has the production possibilities to produce either 85 coconuts or 80 lemons using 100 worker hours. If the U.S. produces 75 coconuts, how many lemons can it produce? Round your answer to the nearest 4 decimal places.
Homework Answers
Opportunity cost of 1 coconut = 80/85 Lemons
If 75 coconuts are produced, then 10 coconuts are forgone to produce lemons.
Hence,
No. of lemons produced = (80/85)*10
No. of lemons produced = 9.4118 lemons
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Assume the United States has the production possibilities to
produce either 85 coconuts or 80 lemons...
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