Question 1 (1 point) D Karen can make 2 jackets or 11 ties in one day working at

Question

Question 1 (1 point) D Karen can make 2 jackets or 11 ties in one day working at the clothing factory. Joe can make 7 jackets or 35 ties in one day working at the clothing factory. What is Karen's opportunity cost of producing 1 jacket? Round your answer to one decimal place. Be sure to enter the correct units for what they are giving up. Your Answer: Answer units Save Question 2 (1 point) ) Select the best matches from the lists below. 1. there is an inverse relationship between price and the quantity consumers are willing to purchase, all else equal

Explanation / Answer

Answer : 1) Based on given informations,

If Karen make 2 jackets then he loose 11 ties

Now, for making 1 jacket Karen loose = 11/2 = 5.5 ties.

Therefore, the opportunity cost of Karen for making 1 jacket is 5.5 ties.

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