The opportunity cost of good A in terms of good B is equal to the
A) money price of good B minus the money price of good A.
B) ratio of the money price of good A to the money price of good B.
C) ratio of the money price of good B to the money price of good A.
D) money price of good A plus the money price of good B.
E) money price of good A minus the money price of good B.
Correct Answer:
Verified
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Q12: The law of demand states that, other
Q13: The relative price of a good is
A)the
Q14: The demand and supply model determines
A)supply prices
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Q17: Which market is an example of a
Q18: Which market is an example of a
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