Assume Larry's Budget Constraint Is Represented by Line B in the Graph

question 76

Multiple Choice

Assume Larry's budget constraint is represented by line B in the graph shown. His opportunity cost of one gallon of milk is:

• A)6 cases of soda.
• B)exactly one case of soda.
• C)less than one case of soda.
• D)more than one case of soda.

---

Definitions:

Consecutive Days

Successive days that follow one after the other without interruption.

Franchise

A licensing arrangement where a franchisor allows a franchisee to use the franchisor's trademark, systems, and business model in return for a fee.

Harmful Ingredient

A substance found within a product that can cause negative health effects or damage to the environment on exposure or consumption.

Cookie Dough

A blend of cookie ingredients which is intended to be baked to create cookies.