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 121 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?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Production of Saliva Production of Saliva
Prolonged abuse leads to production of stress hormones that can lead to a cascade of effects ... Prolonged abuse leads to production of stress hormones that can lead to a cascade of effects ...
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
World Crude Oil Production and Reserves (Billions of Barrels) World Crude Oil Production and Reserves (Billions of Barrels)
Nonshivering heat production Nonshivering heat production
Video: SNP Polymorphysim Microarray Chip - How to Test a Person's DNA

For a complete list of videos, visit our video library