
Per unit opportunity cost
Authored by Alan Long
Social Studies
12th Grade
Used 21+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A firm operating at 'X' produces 70 whips and 60 saddles. It changes production to 'Y' producing 20 whips and 90 saddles. The opportunity cost of this production change is
20 whips
30 saddles
50 whips
60 saddles
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Apple can make 1,000 iPhones or 600 iPads in their factory each day. What is the opportunity cost of making each iPhone?
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the opportunity cost of going from point D to point B?
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the opportunity cost of going from point C to point A?
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the opportunity cost of going from point A to point D?
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the opportunity cost of going from point D to point C?
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the opportunity cost of going from point A to point C?
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