Beverly spends $100 on a teeth whitening kit. After one application, her gums are inflamed and it feels like her mouth is on fire. Beverly is trying to decide whether to apply the treatment again, or throw the kit away. The opportunity cost of a second application is:
A. $100 + the pain and suffering involved with the second application.
B. the pain and suffering involved with the second application.
C. $100.
D. $100 + the pain and suffering involved with the first and second application.
Answer: B
You might also like to view...
The most important, most convenient, and most flexible way in which the Federal Reserve affects the supply of bank reserves is through:
A. conducting open-market operations. B. changing interest rates. C. changing bank reserve requirement ratios. D. changing the Federal Reserve discount rate.
The three principal factors that explain why the aggregate demand curve is downward sloping are
a. real wealth holdings, the interest rate, and international trade b. the price level, the interest rate, and economic growth c. the interest rate, the economic growth, and international trade d. cost-pull inflation, demand-pull inflation, and real wealth holdings e. the phases of the business cycle: recession, downturn, and recovery
Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. A soybean farmer's ________ level of output is 1,000 units of output.
A. loss-minimizing B. break-even C. shut-down D. profit-maximizing
What is the expenditure multiplier that underlies the changes in this graph?
a. 0.25
b. 0.40
c. 1.33
d. 4.00