-Jenny's Opportunity Cost of Producing an Extra Pair of Shoes

question 31

Multiple Choice

-Jenny's opportunity cost of producing an extra pair of shoes is

• A) 1/3 pairs of pants.
• B) 1/2 pairs of pants.
• C) 2/3 pairs of pants.
• D) 1 pair of pants.
• E) 3/2 pairs of pants.

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Definitions:

Firefox

A free and open-source web browser developed by the Mozilla Foundation, known for its speed, privacy features, and customization options.

The Internet

A global network of computers that provides vast information resources and communication facilities.

Entrepreneurship

Entrepreneurship is the act of creating, managing, and running a new business venture to make a profit, often at the risk of losing the initial investment.

Opportunities

Chances or situations that can be utilized to achieve or further one's goals.