If the labor force consists of 100 laborers, and these laborers work with a capital stock of $20,000 . then the capital-labor ratio is

Refer to Figure 2-8. What is the opportunity cost of producing 1 ton of pineapples in Guatemala?

A) 1/2 of a ton of coconuts B) 1 1/3 tons of coconuts C) 2 tons of coconuts D) 180 tons of coconuts

If the demand curve is a straight line and has the normal negative slope, then as quantity demanded increases, demand

a. becomes more elastic b. becomes more inelastic c. is unitary elastic d. rises and then falls e. is an inverse function of supply