Suppose there is a point right above the PPF ine: Which of the following statements are true O This point is currently not feanibie O This point can become feasible with economic growth O This point can become feasible with trade O Both A and B O All of the above Question 2 Jackson is choosing between two alternatives: Alternative one: going to hot springs which he values at 40 dollars but costs 20 dollars to go to. Alternative two: going to a football game which he values at $35 and has a free ticket too. He chooses to go to a game. What are his opportunity costs in this case? O $20 O $30 O $40 O S75

Suppose there is a point right above the PPF ine: Which of the following statements are true O This point is currently not feanibie O This point can become feasible with economic growth O This point can become feasible with trade O Both A and B O All of the above Question 2 Jackson is choosing between two alternatives: Alternative one: going to hot springs which he values at 40 dollars but costs 20 dollars to go to. Alternative two: going to a football game which he values at $35 and has a free ticket too. He chooses to go to a game. What are his opportunity costs in this case? O $20 O $30 O $40 O S75

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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