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; $10
C) opportunity cost; $20.00
D) opportunity cost; $2.00
E) relative price; 1/2 basketball per football
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q73: The income effect influences food purchases because
Q74: How many sides does a market have?<br>A)two
Q75: Which market is an example of a
Q76: A decrease in the quantity supplied is
Q77: A rise in the price of a
Q79: If demand decreases and supply increases, then
Q80: If A is an inferior good and
Q81: If a producer can use its factors
Q82: Suppose we observe a rise in the
Q83: Use the table below to answer the