This topic contains a solution. Click here to go to the answer

Author Question: Horatio can produce either a combination of 15 bird houses and 25 wind chimes or a combination of 30 ... (Read 199 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
Horatio can produce either a combination of 15 bird houses and 25 wind chimes or a combination of 30 bird houses and 15 wind chimes.
 
  If he now produces 30 bird houses and 15 wind chimes, what is the opportunity cost of producing an additional 10 wind chimes?
  A) 2 bird houses B) 15 bird houses C) 30 bird houses D) 45 bird houses

Question 2

Label each entry in the list as dealing with a microeconomic topic or a macroeconomic topic. Explain your answer.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Eunice618

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

B

Answer to Question 2

Motor vehicles production in China is growing by 10 percent a year.
This entry is a microeconomic topic because individuals and businesses make decisions whether to buy or sell cars.
 Coffee prices rocket.
This entry is a microeconomic topic because individuals and businesses make decisions whether to buy or sell coffee.
 Globalization has reduced African poverty.
This entry is a macroeconomic topic because globalization is the result of choices made by billions of people rather than an individual or business.
 The government must cut its budget deficit.
This entry is a macroeconomic topic because neither an individual nor a business makes decision to cut expenditures.
 Apple sells 3 million iPhones a month.
This entry is a microeconomic topic because individuals and Apple make decision whether to buy or sell iPhones.




Yolanda

  • Member
  • Posts: 757
Reply 2 on: Jun 29, 2018
Excellent


mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

For a complete list of videos, visit our video library