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Suppose the Price of a Football Is $40

Question 32

Multiple Choice

Suppose the price of a football is $40.00 and the price of a basketball is $20.00.The ________ of a football is ________.


A) relative price;2 basketballs per football
B) relative price;1/2 basketball per football
C) opportunity cost;$20.00
D) opportunity cost;$2.00
E) relative price;$10

Correct Answer:

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