Author Question: The opportunity costs of land is largely determined by A) need. B) real estate agents. C) ... (Read 153 times)

wrbasek0 · **on:** Jun 29, 2018

The opportunity costs of land is largely determined by

A) need.
B) real estate agents.
C) demand.
D) government.

Question 2

Assume that a combination of 10 bottles of wine and 2 cartons of milk lies on a consumer's budget constraint. If the price of one bottle of wine is 10, and one carton of milk is 1, what is the consumer's income?

A) 100
B) 20
C) 120
D) 102