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Author Question: With a budget of $500 000, a school board can choose to purchase 20 000 textbooks or 2000 laptop ... (Read 93 times)

lauraleepop

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on: Oct 12, 2022

With a budget of $500 000, a school board can choose to purchase 20 000 textbooks or 2000 laptop computers (or some intermediate combination) for use in classrooms.



FIGURE 1-2

Refer to Figure 1-2. Suppose the school board chooses to allocate all $500 000 to the purchase of laptop computers. What is the opportunity cost of this entire purchase?


◦ There is no opportunity cost because the purchase was made within the available budget.
◦ The opportunity cost is 2000 laptops.
◦ The opportunity cost is 20 000 textbooks.
◦ The opportunity cost is uncertain.
◦ The opportunity cost is $0.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by lauraleepop on Oct 12, 2022

delmiss

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lauraleepop

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Reply 2 on: Oct 12, 2022
Excellent

cdmart10

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

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