A worker can make 10 hats or 5 pairs of shoes in a day. In the market, three hats can be sold at the same price as two pairs of shoes. The worker should make
hats only.
1 of 3
Which statement about costs is correct?
Opportunity cost affects all transactions.
2 of 3
In 2013, there was much criticism of a government project to build a new high-speed rail link between two cities. What is the most likely reason for abandoning such a project?
The opportunity cost is too high.
3 of 3
Other cards in this set
Card 2
Front
Which statement about costs is correct?
Back
Opportunity cost affects all transactions.
Card 3
Front
In 2013, there was much criticism of a government project to build a new high-speed rail link between two cities. What is the most likely reason for abandoning such a project?
Comments
No comments have yet been made