The opportunity cost of a hot dog in terms of hamburgers is the
A) ratio of the slope of the supply curve for hot dogs to the slope of the supply curve for hamburgers.
B) ratio of the money price of a hot dog to the money price of a hamburger.
C) money price of a hot dog minus the money price of a hamburger.
D) ratio of the slope of the demand curve for hot dogs to the slope of the demand curve for hamburgers.
Correct Answer:
Verified
Q2: The price of a DVD rental is
Q3: If the money price of hats rises
Q4: Twenty years ago a stove cost $300
Q5: A relative price is the
A) difference between
Q6: The opportunity cost of good A in
Q8: An ice cream cone costs $1.50. A
Q9: If the price of a hot dog
Q10: If the money price of wheat increases
Q11: The price of a DVD rental is
Q12: The price of a bag of corn
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents