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    Microeconomics Study Set 8
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    Exam 2: Choices and Trade-Offs in the Market
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    Table 24 Table 2
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Table 24 Table 2

Question 172

Question 172

Multiple Choice

Table 2.4 Table 2.4   Table 2.4 shows the output per week of two jewellers, Serena and Haley.They can either devote their time to making bracelets or making necklaces. -Refer to Table 2.4.Haley's opportunity cost of making a bracelet is: A) 3/4 of a bracelet. B) 3 bracelets. C) 1 1/3 necklaces. D) 2 necklaces. Table 2.4 shows the output per week of two jewellers, Serena and Haley.They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2.4.Haley's opportunity cost of making a bracelet is:


A) 3/4 of a bracelet.
B) 3 bracelets.
C) 1 1/3 necklaces.
D) 2 necklaces.

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