Opportunity cost is usually measured in terms of money

Company A manufactures a single automotive component. It had total revenue of $100,000 and an economic profit of $20,000 . What is the price of the component it manufactures?

a. ($100,000/quantity sold). b. ($100,000/quantity produced). c. ($100,000/quantity sold) ? average cost of the product d. ($100,000/quantity produced) ? average cost of the product

In a closed economy, investment must be equal to private saving

a. True b. False Indicate whether the statement is true or false