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

500 doughnuts70 bagels100 croissants

Revolt · Accepted Answer

70 bagels

Question 3

30 4060

Revolt · Accepted Answer

60

Question 4

100 doughnuts140 bagels 70 doughnuts

Revolt · Accepted Answer

100 doughnuts; Selection 1: 100 doughnuts

Question 5

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 6

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): 60

Question 7

1020 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 8

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 9

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

Revolt · Accepted Answer

5

Question 10

Imagine that the company invented a machine that would double the production of baseballs and bats.In such a case, what would happen to the curve in the graph?

Revolt · Accepted Answer

It would expand on both axes.

Opportunity Cost Answers

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