Author Question: Refer to Table 2-13. What is Horace's opportunity cost of bathing a cat? A) one and a half ... (Read 127 times)

RRMR

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Refer to Table 2-13. What is Horace's opportunity cost of bathing a cat?
 
  A) one and a half groomed dogs B) two groomed dogs
  C) two-thirds of a groomed dog D) half a groomed dog

Question 2

If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible.
 
  A) explicit B) marginal C) opportunity D) implicit



amy.lauersdorf90

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Answer to Question 1

A

Answer to Question 2

C



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