Sunday, July 3, 2011

2. In one week, Mohammed can knit 5 sweaters or bake 240 cookies

ECONOMICS

Multiple Choice

In one week, Mohammed can knit 5 sweaters or bake 240 cookies. The opportunity cost per sweater for Mohammed is

a.$240

b.240 cookies

c.48 sweaters

d.1/48 of a cookie

e.48 cookies

Click here for the SOLUTION

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