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Answer to Question #54512 in Economics of Enterprise for ASHU

Question #54512
suppose of production possibilities frontier include the following combinations

cars washing machine
0 1000
100 600
200 0


Q.1 what is the cost of producing nd additional car when 150 cars are being produced?
Q/2 WHAT IS THE COST OF PRODUCING ND ADDITIONAL WASHING MACHINE WHEN 50 CARS ARE BEING PRODUCED? WHEN 150 CARS ARE BEING PRODUCED?
Expert's answer
Q.1 The cost of producing an additional car is (600 - 0)/(200 - 100) = 6 machines when 150 cars are being produced.
Q.2 The cost of producing an additional washing machine is (100 - 0)/(1000 - 600) = 0.25 car, when 50 cars are being produced.
The cost of producing an additional washing machine is (200 - 100)/(600 - 0) = 1/6 car when 150 cars are being produced.

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