Latasha can read 30 pages of economics in an hour. She can also read 20 pages of sociology in an hour. She spends 4 hours per day studying.  Her opportunity cost of reading 10 pages of sociology is  pages of economics.  Her opportunity cost of reading 18 pages of economics is  pages of sociology.  Enter whole numbers.

Q: Suppose Alphonso’s town raised the price of bus tickets to $1 per trip (while the price of burgers…

A: Given information: The price of bus tickets rises to = $1 per trip Price of burger = $2 Budget = $10

Q: The opportunity cost of oranges in terms of apples indicates how many oranges must be given up to…

A: Opportunity cost refers to value of next best alternative. It is the decrease in quantity of one…

Q: 1.scarcity 2.choice 3.opportunity

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: 1. What do you call the condition in which our wants are greater than our limited resources? C.…

A: The following are the correct options for the given questions.  1. We call the condition where our…

Q: Debra can make either 12 cakes or 16 cookies in 4 hours. Sam can make either 6 cakes or 12 cookies…

A: Debra can make either 12 cakes or 16 cookies in 4 hours 12 cakes = 16 cookies 1 cake = 16/12 cookies…

Q: You leave work two hours early from $10 an hour job, stopping to buy a $15 take-out dinner as you…

A: Opportunity cost is the sacrifice of the benefit of a particular task for doing another task. The…

Q: Assume Giarc has already spent his allowance of $24 on chocolates and sodas. The price of chocolate…

A: The basic idea upon which the study of economics is based is that of scarcity. Accordingly the…

Q: exchange

A: Comparative Advantage means an individual can produce a specific product at a lower marginal…

Q: 9) Which of the following activities, if any, accurately describes the opportunity cost of attending…

A: Opportunity Cost :- It means the sacrifice you have made for opting a particular task. It means with…

Q: Maria can read 20 pages of economics in an hour. Shecan also read 50 pages of sociology in an hour.…

A: a.

Q: What must be done in order to produce a combination of 12,000 bagels and 400 shirts?

A: At point C, 12000 bagels can be produced but only 200 shirts can be produced.

Q: Marie has a weekly budget of $24. Pie's are $12 each. Magazines are $4 each. What is Marie's…

A: The opportunity cost is the monetary value of the next best alternative that is foregone while…

Q: Consider your decision whether to go skiing for the weekend. Suppose transportation, lift tickets,…

A: Opportunity cost is the value of the best alternative or we can say the gain from the best…

Q: Ben considers going to the Kings of Leon concert in Philadelphia. A ticket costs $100. If Ben does…

A: The opportunity cost denotes the amount of potential gains (or benefits) that an individual or firm…

Q: Your group won $100 from a Tiktok dance challenge. You have a choice between spending the money now…

A: When talking about opportunity cost, it refers to the loss of income or additional cost that occurs…

Q: You’re given the following information about a newlywed couple Mike and Debbie. The table provides…

A: The opportunity cost of doing any activity is the foregone value of next best alternative.  Debbie's…

Q: If the price of books were to increase, then the opportunity cost of books will Books 20 and the…

A: Opportunity cost is done without an advantage that would have been gotten from a choice not picked.…

Q: As the manager at a local florist, you supervise two employees, Anita and Jerome. There are two…

A: since you have asked multiple questions and according to policy we can solve only 1 question and for…

Q: Opportunity cost Tony buys a pizza and with that same amount of money he could have bought a drink…

A: Economics is the study of the efficient allocation of resources in the economy. Resources are scarce…

Q: In the first graph with hats and videos are opportunity costs constant or increase?  How much does…

A: The law of increasing opportunity cost is the concept that as you continue to increase production of…

Q: Paul's PPF Sue's PPF Cheese Cheese 100 60 40 32 36 60 Ham 42 90 Ham According to the graph above,…

A: Opportunity cost is the benefit that might have been gained if a different available alternative had…

Q: Define opportunity cost. What is your opportunity cost for attending a class at 11:00 am? How does…

A: The potential gains that a person, investor, or organisation loses out on when choosing one choice…

Q: A popular bakery has only a few ingredients left to make their products. They could bake muffins or…

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the economic…

Q: .No.2 To a child the opportunity cost of going to cricket match includes the value of time that…

A: Opportunity cost : It is the cost of best alternative foregone.  As resources are scarce, the…

Q: If I want to catch 1 more fish, what does this cost me in terms of bottles of water?

A: The opportunity cost of 1 water bottle is 2 fishes. Which also means the opportunity cost of one…

Q: Debra can make either 12 cakes or 16 cookies in 4 hours. Sam can make either 6 cakes or 12 cookies…

A: Opportunity cost is the sacrifice of the second unit to produce one more unit of the first good. The…

Q: Economics is all about trade offs. What is the opportunity cost for a typical student pursuing a…

A: According to Adam Smith, economics  is defined as “an inquiry into the nature and causes of the…

Q: A student has a monthly budget of $120 to spend on either burrito, which cost $6 each, or sodas,…

A: Please find the answer below.   OPPORTUNITY COST: Opportunity costs represent the potential benefits…

Q: 1. Discuss the idea of an opportunity cost and think of three opportunity costs that you have made…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: Sam has two options this weekend. He could work at his job and earn $9/ hour for three hours, or he…

A: Next best alternative cost is the opportunity cost. If Sam is going to theatre, he would spend $30…

Q: You win $100 in a basketball pool. You have a choice between spending the money now or putting it…

A: Let us define the concept of opportunity cost. Opportunity cost theory states that the cost of a…

Q: Sam can brew 5 gallons of root beer in an hour or he can make 4 pizzas in an hour. Ben can brew 7…

A: The opportunity cost is the revenue of the next best alternative that is foregone while making the…

Q: The production possibilities curve illustrates the notion of opportunity cost because A. as more of…

A: Meaning of Opportunity Cost: The term opportunity cost refers to the situation under which the…

Q: What is an opportunity cost? Give an example from class or make up your own

A: Economics studies how scarce resources are allocated in a manner that most of the human needs are…

Q: What is the opportunity cost of attending the current course (economics)? Discuss how you arrived at…

A: OPPORTUNITY COST can be defined as the loss of choosing something as you sacrifice something to…

Q: What is “Opportunity Cost”? You win $1000 in a basketball pool. You have a choice between spending…

A: Opportunity cost is the value of anything when a new course of action is selected. Simply put to get…

Q: Opportunity cost is whatever you give up to get something. What is the opportunity cost of staying…

A: Answer: Opportunity cost: The opportunity cost of an action refers to what people give up to do that…

Q: If you must make a choice about consuming two apples, three oranges, or one candy bar, the…

A: Answer : two appled or three oranges which ever you most prefer.

Q: You’re given the following information about a newlywed couple Mike and Debbie. The table provides…

A: vacuuming a room Washing a load of dishes Mike 1 2 Debbie 2 1

Q: Joel can prepare 8 meals or wash 24 shirts in a day, Patricia can prepare 6 meals or wash 12 shirts…

A: The opportunity cost is the cost of next best alternative forgone while making choice. In other…

Q: Marie has a weekly budget of $24, which she likes to spend on magazines and pies. What is Marie’s…

A: A budget constraint is faced by an individual and represents the different possible combinations of…

Q: 5. Answer the questions using the following inform together making iPads and Selfie Sticks. Using…

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…

Q: Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour.…

A: Opportunity cost is nothing but the cost of the next best alternative or the amount sacrificed to…