The opportunity costs of land is largely determined by A) ...

[wrbasek0]

The opportunity costs of land is largely determined by
 
  A) need.
  B) real estate agents.
  C) demand.
  D) government.

Question 2

Assume that a combination of 10 bottles of wine and 2 cartons of milk lies on a consumer's budget constraint. If the price of one bottle of wine is 10, and one carton of milk is 1, what is the consumer's income?
 
  A) 100
  B) 20
  C) 120
  D) 102

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Answer to Question 1

C

Answer to Question 2

D

[wrbasek0]

Thanks for the timely response, appreciate it

[mjenn52]

YES! Correct, THANKS for helping me on my review