Maximum Feasible Hourly Production Rates of EitherComputers or Bicycles Using All Available ResourcesProductUnited StatesChinaComputers83Bicycles26 Refer to the above table. Assuming that opportunity costs are constant, the opportunity cost of producing a bicycle in the United States is equal to ________, and the opportunity cost of producing a bicycle in China is ________.
A. 4 computers; 0.5 computer
B. 2.67 bicycles; 0.33 computers
C. 0.375 computer; 3 bicycles
D. 0.25 computer; 2 computers
Answer: A
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Both monopolistically competitive firms and perfectly competitive firms maximize profits
A) by producing where price equals average total cost. B) by producing where price equals average variable cost. C) by producing where marginal revenue equals marginal cost. D) by producing where marginal revenue equals average revenue.
The long-term financing dimension of financial management deals with the selection, issuance, and management of long-term debt and equity.
a. true b. false
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A. adjusted for inflation. B. the interest rate paid to savers. C. the interest rate charged to borrowers. D. the reported interest rate, not adjusted for inflation.
The total fertility rate:
A. measures the average number of children that a woman is expected to have during her lifetime. B. measures the average number of children that each couple is expected to have during their lifetime. C. equals the rate of population change over time. D. rises as income rises.