Related to the Economics in Practice on p. 26: One reason for the increase in sales of frozen foods from $1 billion in 1950 to $53 billion in 2016 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

The increase in sales of frozen foods can be attributed to the increased opportunity cost of preparing home-cooked meals. As more people, particularly women, entered the workforce, the time available for cooking decreased, making the convenience of frozen meals more appealing.

Related to the Economics in Practice on P