In the above figure, the opportunity cost of moving from producing 75 guitars and 25 ukuleles to producing 25 guitars and 75 ukuleles is

A) 25 guitars.
B) 75 ukuleles.
C) 25 ukuleles.
D) 50 guitars.


D

Economics

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Which of the following is included in M2?

I. money market mutual funds II. small-denomination certificates of deposit A) I only B) II only C) Both I and II D) Neither I nor II

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A checkable deposit that pays no interest is known as a

A) demand deposit. B) certificate of deposit. C) NOW account. D) time deposit.

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Inmates from the county prison who are on work release are counted as part of the labor force

a. True b. False Indicate whether the statement is true or false

Economics

According to the text, many firms who adopt TQM find that

A) the firm increases sales and profits. B) quality is costly. C) quality is free. D) quality increases market share. E) customers do not care about quality.

Economics