If You Discover That the Opportunity Cost of Raising Your

question 227

Multiple Choice

If you discover that the opportunity cost of raising your economics grade is zero, you

• A)are studying too hard and receiving a higher grade than is optimal for you.
• B)must be on the production possibilities frontier that describes your trade-offs between producing high grades and producing other goods.
• C)must be inside the production possibilities frontier that describes your trade-offs between producing high grades and producing other goods.
• D)must be producing more of other goods than is optimal for you.

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Definitions:

Fatty Acids

Long chains of hydrocarbon ending with a carboxyl group, essential in diet and biological functions.

Calvin Cycle

A series of biochemical reactions taking place in the chloroplasts of plants during photosynthesis where carbon dioxide is converted into glucose.

RuBP Carboxylase

An enzyme that starts the Calvin cycle reactions by catalyzing attachment of the carbon atom from CO2 to RuBP.

G3P

Glyceraldehyde 3-phosphate, a chemical compound that serves as an intermediate in several central metabolic pathways in all organisms.