Refer to the accompanying table. Corey's opportunity cost of making of a pizza is delivering: Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. 1/2 of a pizza.
B. 2 pizzas.
C. 3/2 of a pizza.
D. 2/3 of a pizza.
Answer: A
You might also like to view...
The figure above shows the market for coffee. The ________ price that producers must be offered to get them to produce 30 million pounds of coffee per month is ________
A) maximum; $2.50 B) minimum; $2.50 C) maximum; $4.00 D) minimum; $4.00
Which of the following types of goods would most likely be classified as a government-inhibited good?
A) heroin B) marijuana C) tobacco D) All of the above are correct.
If the government wishes to promote a higher rate of growth of real GDP, a supply-side economist would argue the appropriate policy is
A. leaving the economy alone and letting the natural forces bring it into a long-run equilibrium. B. engaging in expansionary fiscal policy by lowering marginal tax rates. C. engaging in expansionary fiscal policy of increasing government spending. D. lowering marginal tax rates on people and raising them on corporations.
The long-run aggregate supply curve is vertical if
A. the Fed follows optimal monetary policy. B. the government follows optimal fiscal policy. C. technology is fixed. D. wages and other costs fully adjust to changes in prices in the long-run.