ECO101H1 Lecture : revised - lecture # 1 ...
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ECO101H1 Full Course Notes
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The question and the solution posted on the course website do not match! Here is the question that matches the solution posted on the website: Question: compute the opportunity cost of producing an extra 10 units of x if the economy is initially producing 60 units of x and 600 units of y. How does this compare to the opportunity cost if the economy were initially producing 70 units of x? once the question is revised. Here is the solution that matches the question in the textbook, The initial part of the question as posed in your text does not correspond to a point on the. The question starts from 45 units of x and 600 units of y; this point requires 100 workers in the x industry and 100 workers in the y industry for a total of 200 workers employed.
