Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: Cars SoldTrucks SoldLarry105Joe99Ralph312 Based on last month's data, Joe's opportunity cost of selling a truck is selling:
A. 4 cars.
B. 1/3 of a car.
C. 1 car.
D. 9 cars.
Answer: C
Economics
You might also like to view...
When you have $1,000 in a savings account at a bank:
A. both you and the bank now have a financial asset of $1,000. B. the bank holds a financial asset of $1,000 and you hold a financial liability of $1,000. C. both you and the bank now have a financial liability of $1,000. D. the bank holds a financial liability of $1,000 and you hold a financial asset of $1,000.
Economics
In the long run the monopolistic competitor ________ at peak efficiency and the perfect competitor ________ at peak efficiency.
A. operates; operates B. operates; does not operate C. does not operate; operates D. does not operate; does not operate
Economics