number of windows that could be produced in one day if all the
factory’s resources were devoted to producing windows. For each
scenario, calculate the opportunity cost to the factory owner of
producing one extra door.
a. 1000 windows; 250 doors
b. 500 windows; 500 doors
c. 1200 windows; 400 doors
d. 942 windows; 697 doors
e. 450 doors; 600 windows
17. Suppose you and a friend are stranded on an island and must
gather firewood and catch fish to survive. Through experience,
you know that if each of you spends an entire day on either
activity, the result is given in the following table:
Fish Firewood (bundles)You 6 3Your friend 8 2a. What is the opportunity cost for you to gather an
additional bundle of firewood? What is your friend’s
opportunity cost of gathering an extra bundle of
firewood?