Refer to Table 2-6. What is James's opportunity cost of making a tricycle?
A) 2 tricycles B) 3/4 of a wagon C) 1/2 of a wagon D) 1/2 of a tricycle
C
Economics
You might also like to view...
Keynesians believe a change in the money supply cannot lower the unemployment rate.
a. true b. false
Economics
If one firm has 80 percent of industry sales, while the remaining four firms share the other 20 percent of sales, then we can conclude that this is a(n)
a. monopoly b. price-taker market c. low concentration ratio industry d. balanced oligopoly e. unbalanced oligopoly
Economics