(a) What is the marginal opportunity cost of producing the second unit of clothing?
(b) What is the total opportunity cost of producing two units of clothing?
(c) What is the marginal opportunity cost of producing the third unit of clothing?
(d) What is the total opportunity cost of producing three units of clothing?
295) A production possibilities table for two products, grain and airplanes, is found below. Usual assumptions regarding production possibilities are implied. Grain is measured in tons and airplanes are measured in units of 1,000.
| Combination | Grain (tons) | Airplanes (1,000s) |
| A | 0 | 7 |
| B | 14 | 6 |
| C | 26 | 5 |
| D | 36 | 4 |
| E | 44 | 3 |
| F | 50 | 2 |
| G | 54 | 1 |
| H | 56 | 0 |
(a) Using the below graph construct a production possibilities curve from this information placing grain on the vertical axis and airplanes on the horizontal axis.
(b) What is the opportunity cost of producing the first unit of airplanes? The marginal opportunity cost of producing the fourth unit of airplanes?
296) A production possibilities table for two products, corn and paper, is found below. Usual assumptions regarding production possibilities are implied. Corn is measured in tons, and paper is measured per unit.
| Combination | Corn | Paper |
| A | 0 | 6 |
| B | 18 | 5 |
| C | 33 | 4 |
| D | 45 | 3 |
| E | 54 | 2 |
| F | 60 | 1 |
| G | 63 | 0 |
(a) Using the following graph construct a production possibilities curve from this information placing corn on the vertical axis and paper on the horizontal axis.