In one week, Mohammed can knit 5 sweaters or bake 240 cookies. The opportunity cost per cookie for Mohammed is
a. $5
b. 5 sweaters
c. 48 sweaters
d. 1/48 of a sweater
e. 48 cookies
D
You might also like to view...
Outline the principal sources of the debt crisis
What will be an ideal response?
By providing and communicating information, the financial system
A) reduces the difference between the return on three-month U.S. Treasury bills and the return on thirty-year U.S. Treasury bonds. B) relieves individual savers from the necessity of searching out individual borrowers. C) eliminates the risk in investing in the stock market. D) guarantees investors a reasonable return on their money.
How does the federal government provide public goods and reduce the number of free riders?
a. Requiring tax payments b. Acquiring private firms c. Investing in education d. Protecting patents
Consumption reflects _____
Fill in the blank(s) with the appropriate word(s).