Opportunity Cost

Question 1

Based on what you have read, if Jasmine works at the supermarket, what is her opportunity cost?

Revolt · Accepted Answer

missing out on playing basketball

Question 2

Based on what you have read, what is the opportunity cost of the glass-making company’s decision?

Revolt · Accepted Answer

a higher quality item

Question 3

✔ 100 doughnuts140 bagels 70 doughnuts

Revolt · Accepted Answer

✔ 100 doughnuts

Question 4

500 doughnuts✔ 70 bagels100 croissants

Revolt · Accepted Answer

✔ 70 bagels

Question 5

In one hour of work, Raj can make 60 doughnuts or 20 croissants.

Revolt · Accepted Answer

In one hour of work, Raj can make 60 doughnuts or 20 croissants. Refer to that information and use the drop-down menu to fill in the missing parts of the production possibility schedule. (1) (2) (3): 20; In one hour of work, Raj can make 60 doughnuts or 20 croissants. Refer to that information and use the drop-down menu to fill in the missing parts of the production possibility schedule. (1) (2) (3): 120; In one hour of work, Raj can make 60 doughnuts or 20 croissants. Refer to that information and use the drop-down menu to fill in the missing parts of the production possibility schedule. (1) (2) (3): 60

Question 6

10✔ 20 30

Revolt · Accepted Answer

✔ 20; In one hour of work, Raj can make 60 doughnuts or 20 croissants. Refer to that information and use the drop-down menu to fill in the missing parts of the production possibility schedule. (1) (2) (3): 20; In one hour of work, Raj can make 60 doughnuts or 20 croissants. Refer to that information and use the drop-down menu to fill in the missing parts of the production possibility schedule. (1) (2) (3): 120; In one hour of work, Raj can make 60 doughnuts or 20 croissants. Refer to that information and use the drop-down menu to fill in the missing parts of the production possibility schedule. (1) (2) (3): 60

Question 7

✔ 120 80 40

Revolt · Accepted Answer

✔ 120

Question 8

30 40✔ 60

Revolt · Accepted Answer

✔ 60

Question 9

A company that produces gold-plated baseballs and baseball bats only makes a total of 25 items per year, in any combination.Which point on the graph indicates that the company is making an equal number of baseballs and bats?

Revolt · Accepted Answer

B

Question 10

Study the graph again. If the company produces twenty bats, what is the maximum number of balls it can produce?

Revolt · Accepted Answer

5

Opportunity Cost Answers

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