Suppose that Russ has budgeted $20 a month to buy candy bars, music downloads, or some combination of both. If Russ spends all his budget on candy bars he can obtain 40 bars a month; if he buys only downloads, he can buy 20 a month.
a. What is the price of a candy bar?
b. What is the price of a music download?
c. What is the opportunity cost of a music download?
d. What is the opportunity cost of a candy bar?
e. Would the opportunity cost of each good change if Russ decided to increase his monthly budget to $30 for the two items?
Answers: 3
Business, 22.06.2019 06:20
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Answers: 1
Business, 22.06.2019 12:10
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Answers: 1
Business, 23.06.2019 06:00
Which factor determines who a society will produce goods and services for?
Answers: 1
Suppose that Russ has budgeted $20 a month to buy candy bars, music downloads, or some combination o...