Refer to Table 2-14. What is Ireland's opportunity cost of producing one motorcycle?
A) 0.2 guitar B) 5 guitars C) 8 guitars D) 32 guitars
B
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Refer to the table below. What is the probability of selling less than 22 cakes?
The above table shows the probability distribution of cake sales at Busy Betty's Bakery.
A) 0.10
B) 0.60
C) 0.40
D) 0.20
The hidden opportunity cost of using protectionism to save jobs in one industry is the sacrifice of jobs that are not created in other industries
a. True b. False Indicate whether the statement is true or false
Mary Kay Ash was one of the first individuals who sold cosmetics directly to customers via independent sales representatives. The company founded by Mary Kay is now one of the largest and most successful cosmetics companies in the world. Mary Kay Ash would be classified as a(n)
A. entrepreneur. B. socialist. C. opportunist. D. monopolist.
Refer to the diagram. A decrease in quantity demanded is depicted by a:
A. move from point x to point y.
B. shift from D 1 to D 2 .
C. shift from D 2 to D 1 .
D. move from point y to point x.