Refer to Table 2-16. What is Estonia's opportunity cost of ...

[ahriuashd]

Refer to Table 2-16. What is Estonia's opportunity cost of producing one board foot of lumber?
 
  A) 0.2 cell phones B) 5 cell phones C) 8 cell phones D) 32 cell phones

Question 2

Refer to Table 4-8. If a minimum wage of 9.50 is mandated there will be a
 
  A) surplus of 20,000 units of labor. B) surplus of 10,000 units of labor.
  C) shortage of 10,000 units of labor. D) shortage of 20,000 units of labor.

[IAPPLET]

Answer to Question 1

A

Answer to Question 2

A

[ahriuashd]

Excellent

[ktidd]

Thanks for the timely response, appreciate it