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 112 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?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

projections of future oil production projections of future oil production
Rule of Nines. A method for determining percentage of body burned. Each different colored section re Rule of Nines. A method for determining percentage of body burned. Each different colored section re
Hubbard’s Predication of Peak in U.S Oil Production with Actual Data Hubbard’s Predication of Peak in U.S Oil Production with Actual Data
Conventional oil reserves have passed peak production Conventional oil reserves have passed peak production
Chewy: Finding Added Sugars on the Label A food Chewy: Finding Added Sugars on the Label A food
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
Video: Coronary Heart Disease

For a complete list of videos, visit our video library