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 85 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
Gracias!

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

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
Basidiomycetes produce diverse fruiting bodies. Basidiomycetes produce diverse fruiting bodies.
Douglas Gordon, 24 Hour Psycho. Douglas Gordon, 24 Hour Psycho.
Tricyclic antidepressants produce their effects by inhibiting the reuptake of neurotransmitters ... Tricyclic antidepressants produce their effects by inhibiting the reuptake of neurotransmitters ...
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ... Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ...
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library