Answer to Question #64261 in Economics for Brittany

Question

Please study this table of monthly production possibilities for Mike, an economics professor at TCIU - Totally Cool Interstate University, and part-time wedding planner.

A B C D E F
# of econ classes/month 5 4 3 2 1 0
# of weddings/month 0 2 4 6 8 10

what would it cost Mike to move.....
from C to F Answer: He is losing 3 econ classes
from D to B Answer:
from E to A Answer:
from B to D Answer:

Answer 1

A B C D E F
5 4 3 2 1 0 econ classes
0 2 4 6 8 10 weddings
What would it cost Mike to move:
1) from C to F
Answer: He is losing 3 econ classes.
2) from D to B
Answer: He is losing 4 weddings.
3) from E to A
Answer: He is losing 8 weddings.
4) from B to D
Answer: He is losing 2 econ classes.