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Figure 3-3
Ice cream and cones are measured in kilograms.
-Refer to Figure 3-3. For Jerry, what is the opportunity cost of 1 kg of ice cream?
Disposable Income
The sum of funds households can allocate for expenditure and saving once income taxes are deducted.
Barbara Streisand CDs
Compact discs containing music recorded by Barbara Streisand, an American singer, actress, and filmmaker.
Karen Carpenter CD
A compact disc featuring the music of Karen Carpenter, an American singer known for her contributions to the duo The Carpenters.
Per Capita Income
The average income earned per person in a certain area, calculated by dividing the area's total income by its total population.
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