Refer to Table 2-9. What is Haley's opportunity cost of making a bracelet?
A) 3/4 of a bracelet B) 1 1/3 necklaces C) 2 necklaces D) 3 bracelets
B
Economics
You might also like to view...
Other things equal, assume consumer demand for children's toys increases. The result is a(n):
a. rightward shift in the market demand for labor curve in the toy industry. b. increase in the marginal revenue product of firms in the toy industry. c. increase in derived demand for workers in the toy industry. d. all of these.
Economics
Which of the following will shift the consumption function upward?
a. A tax increase. b. Higher capacity utilization rates. c. Higher disposable income. d. Lower wealth holdings. e. Expectations of inflation.
Economics