This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose Joe can prepare 10 sandwiches or 5 pizzas in an hour and Beth can produce 12 sandwiches or 9 ... (Read 74 times)

cdr_15

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
Suppose Joe can prepare 10 sandwiches or 5 pizzas in an hour and Beth can produce 12 sandwiches or 9 pizzas. Which of the following is TRUE?
 
  A) Beth should produce pizza because she has a higher opportunity cost of producing pizza than does Joe.
  B) Beth should produce pizza because she has a lower opportunity cost of producing pizza than does Joe.
  C) Joe should produce pizza because he has a higher opportunity cost of producing pizza than does Beth.
  D) Joe should produce pizza because he has a lower opportunity cost of producing pizza than does Beth.

Question 2

The effect of the invisible hand is likely to be the strongest under which market structure?
 
  A) Oligopoly
  B) Monopoly
  C) Perfect competition
  D) Monopolistic competition


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


cdr_15

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Step 2 of gene cloning: The actions of a restriction enzyme and DNA ligase to produce a recombinant Step 2 of gene cloning: The actions of a restriction enzyme and DNA ligase to produce a recombinant
Plant apical meristems and the primary tissues they produce. Plant apical meristems and the primary tissues they produce.
An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ... An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ...
Many countries do not produce enough food and need to import food from the United States Many countries do not produce enough food and need to import food from the United States
Diagrams a mitotic chromosome, showing how chromatin is condensed to produce it Diagrams a mitotic chromosome, showing how chromatin is condensed to produce it
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
Video: Biological organic compounds

For a complete list of videos, visit our video library