Referring to Figure 1.4, the opportunity cost of producing the third unit of pizza is 
A. six units of soda.
B. three units of soda.
C. the same as the opportunity cost of producing the first unit of pizza.
D. one unit of soda.
Answer: C
Economics
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Refer to the given data. This firm is:
A. selling its product in a purely competitive market.
B. selling its product in an imperfectly competitive market.
C. hiring workers in a purely competitive market.
D. hiring workers in an imperfectly competitive market.
Economics
At the full-employment level of GDP, the total value of goods demanded always equals the total value of goods supplied.
Answer the following statement true (T) or false (F)
Economics