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If the Relative Price of a Lift Ticket at a Ski

Question 147

Multiple Choice

If the relative price of a lift ticket at a ski resort is two times the price of a meal at a good restaurant,what is the opportunity cost of a lift ticket


A) the slope of the budget constraint
B) the slope of the indifference curve
C) the intercept on the lift ticket axis
D) the intercept on the meal axis

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