Multiple Choice
In one hour,George can fix 4 flat tires or type 200 words.His opportunity cost of fixing a flat tire is
A) 200 words
B) 4 flat tires
C) 1 word
D) 50 words
E) 800 words
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: Opportunity costs exist because<br>A) there is a
Q2: Microeconomics<br>A) addresses scarcity from a global perspective<br>B)
Q3: The opportunity cost of any activity can
Q5: The unemployment rate for the economy as
Q6: The core problem faced by all economic
Q7: The opportunity cost of a particular activity
Q8: An economic model can be described as<br>A)
Q9: High-income people will sometimes pay higher prices
Q10: Macroeconomic models focus on the behavior of<br>A)
Q11: Assume that Kelly's various possible activities are