?Kites /hourSnowboards /hourJesse81April123
Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.1 shows how much of each good Jesse and April can paint in one hour. Jesse's opportunity cost of painting one kite is painting:
A. 1/12 of a snowboard.
B. 1/8 of a snowboard.
C. 1/3 of a snowboard.
D. 3 snowboards.
Answer: B
You might also like to view...
Adjustable rate mortgages
A) reduce the interest-rate risk for financial institutions. B) benefit homeowners when interest rates rise. C) generally have higher initial interest rates than conventional fixed-rate mortgages. D) allow borrowers to avoid paying interest on portions of their mortgage loans.
Which of these is an example of a controllable factor for a firm that sells pizzas
a. The price of the pizza
b. The delivery rates of the pizza
c. The quality of the wings sold by the street vendor across the street
d. Both A & B
One would expect the price of a share of stock to fall if
A. expected dividends paid on the stock rise. B. the risk of the business falls. C. the interest rate rises. D. the economy expands.
How do the wages in the United States compare to those in northern Europe?
A. U.S. wage rates are higher than those of all northern European nations. B. Northern Europe’s average wage rates are higher. C. U.S. wage rates are higher than those in Germany and the Netherlands. D. They are similar.