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    Exam 1: Economics: Foundations and Models
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    The Stogie Shop,a Cigar Store in the Mall,sells Hand-Rolled Cigars
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The Stogie Shop,a Cigar Store in the Mall,sells Hand-Rolled Cigars

Question 51

Question 51

Multiple Choice

The Stogie Shop,a cigar store in the mall,sells hand-rolled cigars for $10.00 and machine-made cigars for $2.50 each.What is the opportunity cost of buying a hand-rolled cigar?


A) 4 machine-made cigars
B) one-quarter of a machine-made cigar
C) $10.00
D) $2.50

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