This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to the scenario above. The opportunity cost per dollar of value added in the production of ... (Read 36 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
Refer to the scenario above. The opportunity cost per dollar of value added in the production of Good X by worker 1 is ________.
 
  A) 0.50 of value added in the production of Good Y
  B) 100 of value added in the production of Good Y
  C) 87.50 of value added in the production of Good Y
  D) 0.70 of value added in the production of Good Y

Question 2

If an individual is indifferent about being an entrepreneur or not:
 
  A) his losses from entrepreneurship is likely to be equal to his opportunity cost of entrepreneurshi


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

underwood14

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


Kikoku

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 30, 2018
Thank you :)


underwood14

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Primary production is constrained by the most limiting factor. Primary production is constrained by the most limiting factor.
A sweet feed mix with added vitamins for horses A sweet feed mix with added vitamins for horses
Phobos transits the Sun, as seen by Mars Rover Opportunity on March 10, 2004 Phobos transits the Sun, as seen by Mars Rover Opportunity on March 10, 2004
The neural pathway responsible for the production and learning of song in the male canary. The neural pathway responsible for the production and learning of song in the male canary.
Cost of Laptops Cost of Laptops
Complete the following production chart and plot the points. Complete the following production chart and plot the points.
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library