Refer to Table 2-7. What is Minnie's opportunity cost of making a hat?
A) 1/5 of an umbrella B) 1/4 of an umbrella C) 4 umbrellas D) 10 umbrellas
B
Economics
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A "buy one, get one for half price" promotion is an example of
A) price discriminating among units of a good. B) price discriminating among groups of buyers. C) a legal monopoly. D) a natural monopoly. E) marketing by a perfectly competitive firm designed to increase the firm's sales.
Economics
New technology
A) definitely increases a firm's demand for labor. B) definitely decreases a firm's demand for labor. C) definitely does not change a firm's demand for labor. D) could increase or decrease a firm's demand for labor.
Economics