The opportunity cost of good A in terms of good B is equal to the
A) money price of good A minus the money price of good B.
B) money price of good B minus the money price of good A.
C) ratio of the money price of good A to the money price of good B.
D) ratio of the money price of good B to the money price of good A.
Correct Answer:
Verified
Q1: The opportunity cost of a good is
Q3: Joe pays $8,000.00 in tuition. The 8,000
Q4: Wants, as opposed to demands
A) are the
Q5: If the price of a candy bar
Q6: The price of a bag of corn
Q7: Twenty years ago a stove cost $300
Q8: Suppose the price of a football is
Q9: The price of a DVD rental is
Q10: If the money price of hats rises
Q11: A relative price is the
A) slope of
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