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  1. Topics
  2. Business
  3. Macroeconomics Study Set 48
  4. Quiz 2: Economic Models: Trade-Offs and Trade

Mark and Julie Are Going to Sell Brownies and Cookies

Question 176
Multiple Choice

Mark and Julie are going to sell brownies and cookies for their third annual fundraiser bake sale. In one day, Mark can make 40 brownies or 20 cookies, and Julie can make 15 brownies or 15 cookies. What is Mark's opportunity cost to produce one brownie? A) 1 cookie B) 1 brownie C) 0.5 cookie D) 0.5 brownie

Related questions
Q 177
Mark and Julie are going to sell brownies and cookies for their third annual fundraiser bake sale. In one day, Mark can make 40 brownies or 20 cookies, and Julie can make 15 brownies or 15 cookies. With specialization, _____ brownies and _____ cookies will be made in one day. A) 15; 20 B) 40; 20 C) 40; 15 D) 55; 35
Q 178
Mark and Julie are going to sell brownies and cookies for their third annual fundraiser bake sale. In one day, Mark can make 40 brownies or 20 cookies, and Julie can make 15 brownies or 15 cookies. Based on this information, _____ has the absolute advantage in making brownies and _____ has the absolute advantage in making cookies. A) Mark; Julie B) Mark; Mark C) Julie; Mark D) Mark; neither Mark nor Julie
Q 179
(Table: Bongos and Frisbees) Use Table: Bongos and Frisbees. Bill and Mickey make bongos and Frisbees. Who has the comparative advantage in producing Frisbees? A) Bill B) Mickey C) both D) neither
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