Refer to Table 2-10. What is Fred's opportunity cost of making a pogo stick?
A) 6/7 of a pogo stick B) 1/2 of a unicycle C) 1/3 of a unicycle D) 3 unicycles
C
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The Samaritan's dilemma describes the problem that exists when transfer programs, designed to help the poor, encourage choices that can promote or perpetuate
a. poverty. b. healthier lifestyles. c. reduced birth rates. d. increased life expectancy.
The real minimum wage has increased significantly over the last 40 years.
Answer the following statement true (T) or false (F)
Increases in the value of a product to each user, including existing users, as the total number of users rises are called:
A. information cascades. B. learning effects. C. network effects. D. scale economies.
Neutral taxes do not impose excess burdens.
Answer the following statement true (T) or false (F)