Multiple Choice
Table 2-3
Table 2-3 shows the output per week of two jewelers, Serena and Haley. They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2-3.What is Serena's opportunity cost of making a bracelet?
A) 2 necklaces
B) 1/2 of a bracelet
C) 1/2 of a necklace
D) 3/4 of a bracelet
Correct Answer:

Verified
Correct Answer:
Verified
Q10: The principle of opportunity cost is that<br>A)in
Q17: Scarcity<br>A)stems from the incompatibility between limited resources
Q19: Figure 2-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 2-4
Q88: If society decides it wants more of
Q121: Figure 2-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2849/.jpg" alt="Figure 2-7
Q124: Figure 2-2. <br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2849/.jpg" alt="Figure 2-2.
Q127: Table 2-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2849/.jpg" alt="Table 2-3
Q228: Bella can produce either a combination of
Q254: Economic decline (negative growth)is represented on a
Q256: Figure 2-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 2-4