This topic contains a solution. Click here to go to the answer

Author Question: In the above figure, moving from producing 50 guitars and 50 ukuleles to producing 25 guitars and 75 ... (Read 379 times)

ap345

  • Hero Member
  • *****
  • Posts: 537
In the above figure, moving from producing 50 guitars and 50 ukuleles to producing 25 guitars and 75 ukuleles, the opportunity cost of one ukulele is
 
  A) 25 guitars.
  B) 75 ukuleles.
  C) 25 ukuleles.
  D) 1 guitar.

Question 2

According to economists, when two people make exactly the opposite decision
 
  A) one of them is acting irrationally.
  B) each person evaluates the situation according to his/her individual self-interest.
  C) one of them is acting out of spite.
  D) one of them should compromise.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

epscape

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

D

Answer to Question 2

B




ap345

  • Member
  • Posts: 537
Reply 2 on: Jun 29, 2018
Wow, this really help


ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

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?

Illicit drug use costs the United States approximately $181 billion every year.

For a complete list of videos, visit our video library