Opportunity Cost

Question 1

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

Revolt · Accepted Answer

D: 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: a higher quality item

Question 3

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?ABCNo point

Revolt · Accepted Answer

D: No point

Question 4

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

Revolt · Accepted Answer

A: 0

Question 5

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

C: It would expand on both axes.

Question 6

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)

Revolt · Accepted Answer

B: 20

Question 7

500 doughnuts70 bagels100 croissants

Revolt · Accepted Answer

B: 70 bagels

Question 8

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)

Revolt · Accepted Answer

A: 120

Question 9

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)

Revolt · Accepted Answer

C: 60

Question 10

100 doughnuts140 bagels 70 doughnuts

Revolt · Accepted Answer

A: 100 doughnuts

Opportunity Cost Answers

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