Multiple Choice
(Table: Four persons) The table lists the minutes that it will take four persons to wash a car and to sort and fold a load of laundry. Use the data to answer the question.
What is Junko's opportunity cost for washing a car?
A) 0.42 of a load of laundry will not be sorted and folded.
B) 2.4 loads of laundry will not be sorted and folded.
C) 70 minutes will be given up.
D) 50 minutes will be given up.
Correct Answer:
Verified
Correct Answer:
Verified
Q124: The person who has an absolute advantage
Q125: (Table : Fazio and Gabriella's opportunity cost)
Q126: When price functions as a communication line
Q127: How do competitive markets help economies capture
Q128: (Table: Cooking time). The table provides data
Q130: (Table: Joachim and Zane's opportunity cost) The
Q131: (Table: Fazio and Gabriella's opportunity cost) The
Q132: Mana has a comparative advantage in baking
Q133: When a manager uses comparative advantage to
Q134: Price is functioning as a signal when