Author Question: Stephanie has decided to eat lunch between classes. She has ranked her choices, from highest to ... (Read 196 times)

vHAUNG6011 · **on:** Jun 29, 2018

Stephanie has decided to eat lunch between classes. She has ranked her choices, from highest to lowest as, (1 ) turkey sandwich, (2 ) tuna sandwich, (3 ) slice of cheese pizza, (4 ) cheeseburger.

The opportunity cost of the eating turkey sandwich is A) the combined value of the tuna sandwich, slice of cheese pizza and cheeseburger.
B) the value of tuna sandwich, the next best choice.
C) the value of the cheeseburger.
D) zero since she has satisfied a want.

Question 2

According to the above figure, then the supply curve will

A) shift from S1 to S2.
B) shift from S2 to S1.
C) remain at S1.
D) shift either to the left or the right, but it is impossible to say without more information.