Refer to the Information Provided in Table 2 -Refer to Table 2

question 208

Multiple Choice

Refer to the information provided in Table 2.1 below to answer the following question(s) .
Table 2.1
$$\begin{array} { | c | c | c | } \hline & \text { Krystal } & \text { Mark } \\\hline \text { Writing Poerss } & 8 & 12 \\\hline \text { Writing TV Cornnercials } & 2 & 4 \\\hline\end{array}$$
-Refer to Table 2.1. For Krystal, the opportunity cost of writing one TV commercial is

• A) 1/4 of a poem.
• B) 2 poems.
• C) 4 poems.
• D) 6 poems.

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Definitions:

Rent Controls

Government-imposed laws that limit the rent landlords can charge tenants, aiming to keep housing affordable.

Equitable Way

Equitable way refers to a manner or approach that is fair, impartial, and just, ensuring equal treatment and opportunities for all involved parties.

Binding Price Floor

A minimum price set by the government above the equilibrium price, causing a surplus of the product in the market.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers.