Referring to Figure 1.4, the opportunity cost of producing the second unit of pizza is 
A. the same as the opportunity cost of producing the first unit of pizza.
B. six units of soda.
C. three units of soda.
D. one unit of soda.
Answer: C
Economics
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A farmer owns 10 acres of land on which both soybean and corn can be grown. If he increases the production of corn, _____
a. the output of soybean must fall b. the demand curve for soybean must shift leftward c. the demand curve for corn must shift rightward d. the output of soybean must increase too
Economics
"Late registration will result in an additional $30 fee." This is an example of:
A. trade-off. B. a disincentive. C. marginal cost. D. group responsibility.
Economics