For every choice a person makes it can be assumed that
A. some opportunity cost was involved.
B. a good is involved and satisfaction is gained.
C. the chooser has full knowledge of the situation.
D. there is a fifty-fifty chance the choice was the wrong one.
Answer: A
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Marginal physical product of the first worker is 100, 120 for the second, 80 for the third, 30 for the fourth, 5 for the fifth, 3 for the sixth, 2 for the seventh, 1 for the eighth, and 0 for the ninth. What is total product for the fifth worker and the
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Use the following figure to answer the question below.
Jane's opportunity cost of producing 1 pound of corn is ________ pound(s) of green beans.
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