Related to the Economics in Practice on p. 25: One reason for the increase in sales of frozen foods from $1 billion in 1950 to $44 billion in 2012 is the
A) increased opportunity cost of cooking frozen meals.
B) decrease in the number of women in the labor force.
C) increased opportunity cost of preparing home-cooked meals.
D) decrease in popularity of the microwave oven.

Question

Quizplus · Accepted Answer

Increased opportunity cost of preparing home-cooked meals means that people have more valuable ways to spend their time than preparing meals from scratch, making frozen meals a more convenient and time-saving option. This is a significant factor in the increase in sales of frozen foods over time.

Related to the Economics in Practice on P