Multiple Choice
Tom and Jerry have two tasks to do all day: make dishes and build fences.If Tom spends all day making dishes,he will have make 16 dishes.If he instead devotes his day to building fences,Tom will build 4 fences.If Jerry spends his day making dishes,he will make 14 dishes; if he spends the day building fences,he will build 7 fences.For Tom,the opportunity cost of building a fence is __________ dishes made.
A) 16
B) 12
C) 8
D) 4
Correct Answer:

Verified
Correct Answer:
Verified
Q118: Suppose an American worker can make 20
Q119: When two countries specialize and trade with
Q120: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Consider the production
Q121: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Consider the production
Q122: Suppose that a worker in Country A
Q124: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Consider the production
Q125: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Refer to the
Q126: Which of the following statements about absolute
Q127: Suppose that a worker in Country A
Q128: Suppose an American worker can make 50