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Business, 03.01.2020 07:31 zoeedadoll

Table 2.1
krystal mark
writing poems 8 12
writing tv commercials 2 4

refer to the information provided in table 2.1 below to answer the following questions.
1) refer to table 2.1. for krystal, the opportunity cost of writing one tv commercial is
a) 1/4 of a poem.
b) 2 poems
c) 4 poems
d) 6 poems

2) refer to table 2.1. to maximize total production,
a) krystal and mark should both split their time between writing poems and writing tv commercials.
b) krystal should write poems and write tv commercials, but mark should only write poems.
c) mark should specialize in writing tv commercials, and krystal should specialize in writing poems.
d) krystal should specialize in writing tv commercials, and mark should specialize in writing poems
3) for krystal, the opportunity cost of writing four tv commercials is poems.
a) 2
b) 8
c) 16
d) 32

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Answers: 1

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Table 2.1
krystal mark
writing poems 8 12
writing tv commercials 2 4

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