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 120 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 horizontal fraction bar was introduced by the Arabs.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Pathway of urine production and elimination. Pathway of urine production and elimination.
Energy Production Energy Production
Fossil fuels production Fossil fuels production
Dried fruits often have sulfur dioxide or other sulfites added to them to preserve color and flavor Dried fruits often have sulfur dioxide or other sulfites added to them to preserve color and flavor
Complete the following production chart and plot the points. Complete the following production chart and plot the points.
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Video: Endocytosis -Types and Phagocytosis

For a complete list of videos, visit our video library