Based on Table 3.1, the opportunity cost of a pair of shoes in the United States is
A) three computers.
B) two computers.
C) one computer.
D) one-half computer.
E) None of the above.
D
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Workers who dislike risk
A) prefer to be paid a salary rather than a wage. B) prefer a salary system to a commission compensation system. C) prefer to be paid monthly rather than weekly or daily. D) prefer a piece-rate compensation system to a salary system.
The law of diminishing marginal utility states that it is impossible to produce more of one good without decreasing the quantity produced of another good
a. True b. False Indicate whether the statement is true or false
A risk neutral person's utility of income curve is _____________
Fill in the blank(s) with the appropriate word(s).
How can inventions such as cellular phones affect the government's antitrust policies?
(A) The technology causes the need for stricter regulation than before. (B) Government rules can allow higher charges than competition. (C) People using the technology do not want antitrust regulations. (D) They can mean that the need for regulation no longer exists.