The Opportunity Cost of a Hot Dog in Terms of Hamburgers

question 105

Multiple Choice

The opportunity cost of a hot dog in terms of hamburgers is

• A)the ratio of the slope of the supply curve of hot dogs to the slope of the supply curve of hamburgers.
• B)the ratio of the money price of a hot dog to the money price of a hamburger.
• C)the ratio of the slope of the demand curve for hot dogs to the slope of the demand curve for hamburgers.
• D)the money price of a hot dog minus the money price of a hamburger.
• E)smaller in the winter than in the summer.

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