In the above table, for Mary the opportunity cost of producing a dress is ________ and the opportunity cost for Mark of producing a dress is ________
A) 1 1/2 jackets; 2 1/2 jackets
B) 1 jacket; 1 jacket
C) 1 dress; 1 dress
D) 1 1/2 jackets; 2/3 of a jacket
E) 1 1/4 jackets; 1/2 of a jacket
D
Economics
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Some economists argue that corporate income taxes are typically not paid by firms, but by
A) stockholders, employees, and consumers. B) the government. C) bond holders. D) the board of directors of the firm.
Economics
Starting from long-run equilibrium, an increase in autonomous consumption results in ________ output in the short run and ________ output in the long run.
A. higher; higher B. higher; potential C. lower; higher D. lower; potential
Economics