Multiple Choice
If the relative price of pizza in terms of movies is 3, this means that
A) 3 pizzas can be traded for 9 movies.
B) the opportunity cost of a pizza is 3 movies.
C) in terms of the dollars that must be spent to buy the product, pizza is more expensive than movies.
D) All of the above answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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