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Author Question: In the context of the production possibilities curve, opportunity cost is measured in: a. dollars ... (Read 136 times)

Jkov05

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on: Jun 30, 2018
In the context of the production possibilities curve, opportunity cost is measured in:
 a. dollars paid for the goods.
  b. the quantity of other goods given up.
  c. the value of the resources used.
  d. changing technology.
  e. units of satisfaction.

Question 2

The opportunity cost of an activity means the:
 a. amount of money the activity costs.
  b. number of hours that is required to engage in this activity.
  c. expected gains by engaging in the activity.
  d. amount of other things that must be sacrificed in order to engage in the activity.
  e. expected gains minus the expected costs of engaging in the activity.


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joanwhite

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

b

Answer to Question 2

d


Jkov05

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

debra928

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Reply 3 on: Yesterday
Wow, this really help

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