Refer to the scenario above. What is Sarah's opportunity cost of producing one earring?
A) 0.33 greeting cards
B) 1 greeting card
C) 1.45 greeting cards
D) 3 greeting cards
A
Economics
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Refer to Figure 9-5. The tariff revenue collected by the government equals
A) $10 million. B) $15 million. C) $19.875 million. D) $35 million.
Economics
Consider Larry's decision to go to college. If he goes to college, he will spend a total of $120,000 on tuition, $30,000 on room and board, and $3,500 on books over four years. If he does not go to college, he will earn $30,000 annually working in a store and spend $7,000 on room and board each year. Larry's cost of going to college is
a. $123,500. b. $153,500. c. $190,500 d. $245,500
Economics