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Author Question: In the figure above, the opportunity cost of moving from point C to point D is A) the loss in ... (Read 75 times)

fagboi

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on: Jun 29, 2018
In the figure above, the opportunity cost of moving from point C to point D is
 
  A) the loss in production in the health care sector.
  B) the increase in production in the education sector.
  C) zero.
  D) the loss in production in the education sector.

Question 2

Dell lowers the price of their PCs by 10 percent. As a result, the quantity of Gateway computers demanded at the current price decreases by 12 percent.
 
  What is the cross elasticity of demand for Gateway computers with respect to the price of Dell computers? A) -1.20
  B) -0.83
  C) 1.20
  D) 0.83


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bd5255

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


fagboi

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Reply 2 on: Jun 29, 2018
Excellent

parshano

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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