Multiple Choice
With a budget of $500 000,a school board can choose to purchase 20 000 textbooks or 2000 laptop computers (or some intermediate combination) for use in classrooms. FIGURE 1-2
-Refer to Figure 1-2.What is the price of a laptop computer in this example?
A) $25
B) $40
C) $50
D) $100
E) $250
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Because resources are scarce,individuals are required to<br>A)make
Q112: Figure 1-7 shows the production possibilities boundary
Q114: With a budget of $500 000,a school
Q115: Suppose you own a courier service and
Q118: The diagram below shows two production possibilities
Q119: The diagram below shows two production possibilities
Q120: Madeleine allows herself $100 per month for
Q121: Which of the following statements best describes
Q130: In a modern mixed economy the government
Q136: The famous economist who first described the