Table 1.3 shows the hypothetical trade-off between different combinations of brushes and combs that might be produced in a year with the limited capacity for Country X, ceteris paribus.Table 1.3Production Possibilities for Brushes and CombsCombinationNumber of combsOpportunity Cost(Foregone brushes)Number of brushesOpportunity Cost (Foregone combs)J4 0NAK3 10 L2 17 M1 21 N0NA23 On the basis of Table 1.3, the highest opportunity cost for brushes in terms of combs is
A. 0.10 comb per brush.
B. 0.50 comb per brush.
C. 23 combs per brush.
D. 0.29 comb per brush.
Answer: B
You might also like to view...
The costs of the actual bargaining process are called
A) search costs. B) collectivization costs. C) negotiation costs. D) monitoring and enforcement costs.
Unemployment compensation is an example of
A) a subsidized service. B) a regressive income program. C) a Social Security benefit. D) an income maintenance program.
When white males resist to share responsibilities with members of a minority group, it is termed as:
a. employer prejudice. b. consumer prejudice c. worker prejudice. d. statistical discrimination. e. occupational segregation.
According to Nicholas Lemann, the _________ are the real authority in the ghetto.
Fill in the blank(s) with the appropriate word(s).