Solved

If the Relative Price of Pizza in Terms of Movies

Question 104

Multiple Choice

If the relative price of pizza in terms of movies is 3, this means that


A) 3 pizzas can be traded for 9 movies.
B) the opportunity cost of a pizza is 3 movies.
C) in terms of the dollars that must be spent to buy the product, pizza is more expensive than movies.
D) All of the above answers are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents