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Social Science Clinic => Economics => Macroeconomics => Topic started by: nautica902 on Mar 16, 2019

Title: Table 7-2 Madison and Austin own Cafe Ole'. Table 7-2 lists the number of empanadas and tacos ...
Post by: nautica902 on Mar 16, 2019

Table 7-2






Madison and Austin own Cafe Ole'. Table 7-2 lists the number of empanadas and tacos Madison and Austin can each make in one hour.






Refer to Table 7-2.  Select the statement that accurately interprets the data in the table.


◦ Madison has a greater opportunity cost than Austin for making tacos.
◦ Madison's opportunity cost for making tacos is less than Austin's.
◦ Austin has a greater opportunity cost than Madison for making empanadas.
◦ Austin's opportunity cost for making tacos and making empanadas are both greater than Madison's.
Title: Table 7-2 Madison and Austin own Cafe Ole'. Table 7-2 lists the number of empanadas and tacos ...
Post by: duke02 on Mar 16, 2019
Madison's opportunity cost for making tacos is less than Austin's.
Title: Table 7-2 Madison and Austin own Cafe Ole'. Table 7-2 lists the number of empanadas and tacos ...
Post by: nautica902 on Mar 16, 2019
Thanks
Title: Table 7-2 Madison and Austin own Cafe Ole'. Table 7-2 lists the number of empanadas and tacos ...
Post by: duke02 on Mar 16, 2019
Welcome :)