Given the Following Production Possibility Curve

question 104

Essay

Given the following production possibility curve.
a)What is the total cost of producing 27 units of peanut butter?
b)What is the total cost of producing 8 units of jelly?
c)What is the opportunity cost from point B to point D?
d)What is the per unit cost of going from point B to point A?

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Definitions:

Differentiation

Development toward a more mature state; a process changing a young, relatively unspecialized cell to a more specialized cell. Also called cell differentiation.

Gene Activity

The process by which a gene's information is used to synthesize functional gene products, like proteins, influencing the cell's functions.

Determination

In developmental biology, determination is the process by which cells become committed to a specific cell fate.

Morphogenesis

The development of the form and structures of an organism and its parts; proceeds through a series of steps known as pattern formation.