This topic contains a solution. Click here to go to the answer

Author Question: If you have a choice of consuming either two apples, three oranges, or one candy bar, the ... (Read 123 times)

frankwu

  • Hero Member
  • *****
  • Posts: 549
If you have a choice of consuming either two apples, three oranges, or one candy bar, the opportunity cost of the candy bar is:
 a. two apples.
  b. three oranges.
  c. two apples and three oranges.
  d. two apples or three oranges, whichever you value more.
  e. the difference in the prices of the three options.

Question 2

Market failure occurs when:
 a. the stock markets tumble due to heavy selling.
 b. the market economy fails to allocate resources efficiently.
 c. demand shows signs of slowing down.
 d. a country cannot produce a particular good or service at a lower opportunity cost than other countries.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briezy

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

d

Answer to Question 2

b




frankwu

  • Member
  • Posts: 549
Reply 2 on: Jun 30, 2018
Excellent


coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

For a complete list of videos, visit our video library