Hutch Technology Makes Computer Monitors, Which Sell for $100 Each

question 202

Multiple Choice

Hutch Technology makes computer monitors, which sell for $100 each.What is the opportunity cost of 10 monitors?

• A)$1,000
• B)The other goods that could be produced with the resources that produce the 10 monitors
• C)The profits that Hutch earns when 10 monitors are sold
• D)The lost profits that Hutch if the monitors are not produced
• E)All of the responses are correct.

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Definitions:

Cultural Script

Implicit social norms and patterns of behavior that are learned and shared within a cultural group, guiding interactions and expectations.

Wooden Leg

An artificial limb made of wood used to support someone who has lost a leg.

Pointless Explanation

An explanation that lacks purpose or fails to convey meaningful information.

Defensive Behavior

Measures taken to defend against assumed dangers or negative judgments.