Multiple Choice
-In the figure above, if the quantity of yogurt produced increases from 2 gallons an hour to 3 gallons an hour, the opportunity cost of a gallon of yogurt in terms of ice cream is
A) half a gallon.
B) 1 gallon.
C) 3 gallons.
D) 4 gallons.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Marginal cost is the opportunity cost<br>A) that
Q8: The social arrangement that gives John Grisham,
Q9: The social arrangements that govern the ownership,
Q10: Economic growth is the result of all
Q11: A person has a comparative advantage in
Q13: Economic growth<br>A) leads to less consumption in
Q14: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the table
Q15: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure
Q16: Property rights facilitate the development of trade.
Q17: A country produces only pencils and erasers.