Multiple Choice
Scenario: With her available resources, Wendy can produce 20 greeting cards or 10 earrings. Sarah, with the resources she has, can produce 5 greeting cards or 15 earrings.
-Refer to the scenario above.What is Sarah's opportunity cost of producing 1 earring?
A) 0.33 greeting cards
B) 1 greeting card
C) 1.45 greeting cards
D) 3 greeting cards
Correct Answer:

Verified
Correct Answer:
Verified
Q41: The following figure depicts the production possibilities
Q42: The figure below shows the domestic supply
Q43: The following figure shows the production possibilities
Q44: Which of the following cannot be a
Q45: Which of the following statements is true?<br>A)
Q47: The following table shows the value of
Q48: Scenario: Suppose the world price is $2
Q49: Which of the following statements is true?<br>A)
Q50: The figure below shows the production possibilities
Q51: The figure below shows the domestic supply