?Kites /hourSnowboards /hourJesse81April123
Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 18.1 shows how much of each good Jesse and April can paint in one hour. April's opportunity cost of painting one kite is painting:
A. 1/12 of a snowboard.
B. 1/4 of a snowboard.
C. 3 snowboards.
D. 4 snowboards.
Answer: B
You might also like to view...
Some illegal immigrants move back and forth across the U.S.-Mexican border. But in 2012, as many as _____ million immigrants were residing continuously in the U.S.
A. 4 B. 11 C. 20 D. 29
The above table has the demand and supply schedules for money. Real GDP increases and, as a result, the demand for money increases by $0.1 trillion at each level of the nominal interest rate. The new equilibrium interest rate is
A) 5 percent. B) 2 percent. C) 10 percent. D) 3 percent. E) 7 percent.
If a firm invests a lot in new employees, it is likely to
A) forward load compensation. B) pay all the costs of the new training. C) backload compensation. D) none of these choices.
The net national product (NNP) can be obtained from the GDP by: a. subtracting depreciation
b. subtracting net income of foreigners and depreciation. c. including the net income of foreigners. d. subtracting depreciation and indirect business taxes.