The Opportunity Cost of Producing One More Unit of a Good

question 49

Multiple Choice

The opportunity cost of producing one more unit of a good is calculated by dividing the

• A) increase in the quantity of that good by the decrease in the quantity of other good.
• B) total quantity of that good by the total quantity of other good.
• C) decrease in the quantity of the other good by the increase in the quantity of the good whose opportunity cost we're calculating.
• D) total quantity of the other good by the total quantity of the good whose opportunity cost we're calculating.
• E) price of the good whose opportunity cost we are calculating by the number of units of the other good that are forgone.

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Definitions:

Meristematic Tissue

Plant tissue found in regions of growth, made up of actively dividing cells that give rise to various organs of the plant.

Bud Scales

Protective structures that cover the developing buds of many plants, shielding them from environmental stresses such as cold temperatures.

Guttation

The exudation of drops of water from the tips or edges of leaves, resulting from root pressure in certain plants.

Transpiration

The process by which moisture is carried through plants from roots to small pores on the underside of leaves, where it changes to vapor and is released to the atmosphere.