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Opportunity Cost
Page 3
Questions (268)
For each of the five situations below, identify the opportunity cost of the person's choice. Describe the choice and opportunity
3 answers
asked anonymously
50 views
For each of the five situations below, identify the opportunity cost of the person's choice. Describe the choice and opportunity
3 answers
asked anonymously
44 views
For each of the five situations below, identify the opportunity cost of the person's choice. Describe the choice and opportunity
3 answers
asked anonymously
56 views
For each of the five situations below, identify the opportunity cost of the person's choice. Describe the choice and opportunity
3 answers
asked anonymously
45 views
Suppose that there are 10 million workers in Canada and South Korea and each worker in Canada and South Korea can produce 4 cars
2 answers
asked by
cheryl
683 views
You have $1000. You can spend it on a TV or put the money in the bank at 4% interest for a year. What is the opportunity cost of
1 answer
asked by
Nabil
319 views
Maria goes on a shopping trip to get ready for her vacation. She loads her cart with a new purse for $12.00, a sun hat for
3 answers
asked by
sasuke uchiha
52 views
IF AN ECONOMY MOVES FROM PRODUCING 15 UNITS OF A AND 7 UNITS OF B TO PRODUCING 10 AS AND 8BS, THE OPPORTUNITY COST OF THE 8TH B
1 answer
asked by
FAIZAN
406 views
Consider the following costs that a student incurs by
attending a public university for one semester: $3,000 for tuition, $1,000
4 answers
asked by
rayne
1,511 views
2-4. Based on the information provided in Problem 2-3,
what is the opportunity cost to this student of allocating enough
4 answers
asked by
rayne
523 views
Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available,
1 answer
asked by
Denise
431 views
If Michelle devotes all her resources to growing potatoes, she can raise 200 pounds of potatoes per year. If she devotes all her
4 answers
asked by
Denise
852 views
Michelle has 200lbs of potatoes and 50 cchickens. James has 80lbs of potatoes and 40 chickens. what is Michelles opportunity
1 answer
asked by
Brenda
440 views
You own the Wizard of Oz on DVD. The opportunity cost of watching this DVD for the second time:
A) is zero. B) is one half the
2 answers
asked by
lavern
601 views
How does a person's choice relate to his or her opportunity cost?
4 answers
asked by
ally b.
297 views
In 2 hours, Scott can read 15 pages of spanish literature.
a. what is Scott's opportunity cost of reading 30 pages of literature?
1 answer
asked by
carroland
362 views
Karen can make 15 wristbands and only three pot holders in one hour. Anna can make 12 wristbands but 2 potholders in one hour.
1 answer
asked by
kel
402 views
The productivity of a single resource in producing wheat and microchips in both Canada and Japan: One unit of resouce produces:
1 answer
asked by
lucky
459 views
What is the opportunity cost (in dollars) to attend an hour-long econ lecture for A minimum-wage teenager in fall 2009?
4 answers
asked by
heb
1,070 views
Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available,
3 answers
asked by
KELLY
418 views
Maurice receives $100 as a birthday gift. In deciding how to spend the money, he narrows his options down to four choices:
3 answers
asked by
Ali
1,814 views
Suppose a production possibilities frontier can be
expressed as + = 9. The opportunity cost of going from 0 units of X to 1 unit
2 answers
asked by
james
1,066 views
how might opportunity cost help to explain tha pattern of international trade?
2 answers
asked by
muz
689 views
Points on the graph:
A(4,140) B(12,120) C(8,100) D(14,80) E(8,60) a) According to the PPF, Person A has ___ hours to allocate
3 answers
asked by
Anonymous
544 views
There are two types of people. Red's and Blue's. In a given week, Red's can make 5 pieces of clothing or kill 10 buffalo (and
1 answer
asked by
Nichole
439 views
Between which points is the opportunity cost per thousand automobiles highest? Between which points is the opportunity cost per
2 answers
asked by
Shellie
1,029 views
a. Plot (EXCEL directions are on this site.) these production possibilities data, placing automobiles on the horizontal axis.
3 answers
asked by
Shellie
485 views
Why must the opportunity cost of a decision always be something desirable?
2 answers
asked by
Ami
1,000 views
Pls advise..
The max units of good A is 180 The max units of good B is 60 In general terms, what happens to the opportunity cost
2 answers
asked by
Jonathan
487 views
I answered some questions. pls check if they are correct and pls help in questions e and f.
Production Possibilities Possibility
2 answers
asked by
jason
603 views
11. If an economy has to sacrifice increasing amounts of good X for each unit of good Y produced, then its production
6 answers
asked by
Heidi
1,709 views
Inreference to opportunity cost: If a snowstorm occurs who will most likely to attend a concert. Person A pays $5.00 for his
1 answer
asked by
Maj
457 views
Describe some of the opportunity costs when you decide to do the following.
Attend college instead of taking a job Watch a movie
3 answers
asked by
gina
1,390 views
If you make an extra $50.00 principal payment per month, what are the opportunity cost considerations? I am looking into a
3 answers
asked by
jean
381 views
An increase in the price of a good
A.increases the opportunity cost of consuming the good. B. decreases the opportunity cost of
3 answers
asked by
cymber
559 views
the best measure of the opportunity cost of any choice is:
the monetary cost of that choice. whatever you have given up to give
2 answers
asked by
dritan
808 views
What is an opportunity cost for eating pizza?
2 answers
asked by
anonymous
519 views
Pat takes 4 hours to brew 5 L of beer and 2 hours to make a pizza. Kris takes 6 hours to brew 5 L of beer and 4 hours to make a
1 answer
asked by
Jen
905 views
Pat and Kris are roommates. They spend most of their time studying, but they leave some time for their favorite activities:
2 answers
asked by
Aubrey
1,338 views
Karmin wants to clean her house, finish her economics problem set, write her English essay, and spend time with her boyfriend.
1 answer
asked by
jenna
503 views
Karmin wants to clean her house, finish her economics problem set, write her English essay, and spend time with her boyfriend.
1 answer
asked by
jenna
584 views
You plan to go skiing next weekend. If you do, you’ll have to miss your usual weekend job that pays $100. You won’t be able
1 answer
asked by
Jon
501 views
In an economy where a unit of labour can produce either 1 unit of x or 4 units of y (or any linear combination of the two) and a
2 answers
asked by
Zann
1,257 views
1. A worker values her leisure at $7 per hour. If she is unemployed she receives $9
per hour in unemployment benefits. If she is
1 answer
asked by
zhuie
691 views
The Green family has saved some money. They can spend it on a cruise or use it build a swimming pool. They decide to spend the
1 answer
asked by
You Dont Need To Know
111 views
Which of these is the most likely opportunity cost of choosing to play a board game rather than going to the movies?
(1 point)
1 answer
asked by
Solaris_Artist
47 views
Use the following to answer question 7:
Point Bread Tractor A 20 0 B 18 1 C 14 2 D 8 3 E 0 4 Refer to the above schedule.
1 answer
asked by
Anonymous
453 views
If a new home can be constructed for $160,000, what is the opportunity cost of federal defense spending, measured in terms of
1 answer
asked by
jon
479 views
Which of these is the most likely opportunity cost of choosing to play a board game rather than going to the movies?
being able
1 answer
asked anonymously
70 views
Which of these is the most likely opportunity cost of choosing to play a board game rather than going to the movies?
(1 point)
1 answer
asked by
trippie
46 views
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Parent Categories (48)
Basic Concepts
Basic Principles
Budgeting and decision-making
Budgeting and Spending
Budgeting/Spending
Choice and Decision Making
College
College expenses
Comparative advantage
Consumer Choice
Consumer choices
Cost
Cost Analysis
Cost and Profit Analysis
Cost-Benefit Analysis
Costs
Costs and Budgeting
Decision-Making
Demand
Economic choices
Economic Needs and Wants
Economics
Finance
Fundamental concepts
Investing
Investments
Key Concepts
Microeconomics
Microeconomics or Decision-Making
Personal Finance
Plotting and Analyzing Production Possibilities
Price
Production
Production and Resources
Production possibilities
Production Possibilities Curve
Production Possibilities Frontier
Production Possibility Curve
Production Possibility Frontier
Purchasing Options
Saving and Investing
Scarcity
Student Loans
Supply and Demand
Trade
Trade-offs
TV and Board Games
Word Problems