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Author Question: The concept of opportunity cost helps us explain the choices of A) consumers only. B) producers ... (Read 44 times)

Shelles

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on: Jun 29, 2018
The concept of opportunity cost helps us explain the choices of
 
  A) consumers only.
  B) producers only.
  C) greedy people only.
  D) politicians only.
  E) any individual.

Question 2

The table above shows information about the costs and benefits of a steel smelter that pollutes the air of a city. The market is efficient when the quantity of steel produced is ________ tons per week.
 
  A) 5
  B) 10
  C) 15
  D) 20
  E) 25


Brenm

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Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

C


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