Earth Movers & Shakers Operates 3 Iron Ore Mines The Opportunity Cost of Moving One Miner from Mother Lode
Multiple Choice
Earth Movers & Shakers operates 3 iron ore mines. The table below shows each mine's total daily production and the current number of miners at each mine. All miners work for the same wage, and each miner in any given mine produces the same number of tons per day as every other miner in that mine. The opportunity cost of moving one miner from Mother Lode to another mine is:
A) 2 tons per day.
B) 3 tons per day.
C) 4 tons per day.
D) 1 ton per day.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: Suppose Cathy and Lewis work in a
Q9: If country A can produce more of
Q33: According to the textbook, NAFTA was expected
Q76: The United States generally has a comparative
Q91: Dent 'n' Scratch Used Cars and
Q95: Moe divides his time between studying Physics
Q96: Dent 'n' Scratch Used Cars and
Q99: Refer to the figure below. Growing 1,000
Q159: The Principle of Increasing Opportunity Costs states
Q161: Points that lie outside the production possibilities