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boyakko
2 months ago
10

A textile firm can produce a limited number of shirts or pants with its available resources. The firm initially produced 500 pan

ts and 700 shirts. If the firm decides to increase the number of shirts by 100 units, the opportunity cost will be ____ (100, 200, 400, 500) pants. If the firm is at point E and decides to increase the production of shirts by 500 units, the opportunity cost will be ____ (100, 200, 400, 500) pants.

Social Studies
1 answer:
Alexandra [1.4K]2 months ago
4 0

Response:

200 pairs of pants and 400 pairs of pants

Clarification:

According to the prompt, the company began its production with 500 pairs of pants and 700 shirts

If the company opts to increase the shirt production by 100 units, the opportunity cost amounts to 200 pairs of pants

Should the shirt production rise by 500 units, the opportunity cost would then be 400 pairs of pants

Hence, based on the described scenario, the initial response is 200 pairs of pants, while the subsequent one is 400 pairs of pants

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