Multiple Choice
The Coffee Nook, a small cafe near campus, sells cappuccinos for $2.50 and Russian tea cakes for $1.00 each.What is the opportunity cost of buying a cappuccino?
A) 2 1/2 Russian tea cakes
B) 2/5 of a Russian tea cake
C) $2.50
D) $1.00
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q31: What is a centrally planned economy?
Q60: Figure 1-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 1-2
Q61: An economic _ is a simplified version
Q62: "A decrease in the price of tablet
Q63: Marginal benefit refers to the additional benefit
Q64: If it costs Danitra $225 to create
Q67: Arlene quits her $125,000-a-year job to take
Q68: Positive analysis is concerned with "what ought
Q69: If it costs Sinclair $300 to produce
Q70: "An increase in the price of gasoline