Using the above table but now the bakery bakes 30 pizzas and 240 loaves of bread (alternative B), moving from alternative B to alternative D, what is the opportunity cost of one pizza pie?
A) 2.5 loaves of bread
B) 2 loaves of bread
C) 0.5 loaf of bread
D) 150 loaves of bread
B
You might also like to view...
Movements along the Phillips curve result in the:
a. savings rate varying inversely with the unemployment rate. b. inflation rate varying directly with the unemployment rate. c. inflation rate varying inversely with the unemployment rate. d. interest rate varying inversely with the unemployment rate.
Which two pieces of legislation were passed in 1914?
a. Sherman Antitrust and Clayton Act b. Clayton Act and Robinson-Patman Act c. Robinson-Patman Act and Celler-Kefauver Act d. Clayton Act and Federal Trade Commission Act e. Sherman Antitrust Act and Federal Trade Commission Act.
If productivity and wages both rise by 3 percent, then the aggregate supply curve shifts up.
Answer the following statement true (T) or false (F)
Which of the following is not a possible source of natural monopoly?
A. Large-scale network effects. B. Simultaneous consumption. C. Greater use of specialized inputs. D. Rent-seeking behavior.