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Author Question: Refer to the scenario above. The opportunity cost per dollar of value added in the production of ... (Read 55 times)

Kikoku

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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


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underwood14

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


Kikoku

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Reply #2 on: Jun 30, 2018
Thank you :)


underwood14

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Reply #3 on: Jun 30, 2018
Happy to help you


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