Once You Find the Opportunity Cost of Producing One Unit

question 27

Multiple Choice

Once you find the opportunity cost of producing one unit of a good,to find the opportunity cost of producing the other good,you must

• A) take the inverse.
• B) multiply by the total amount produced of the second good.
• C) divide by the total amount produced of the second good.
• D) do nothing because the opportunity cost for the first good is the same as the opportunity cost for the second good.
• E) None of the answers is correct.

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Definitions:

Phenol

An aromatic organic compound with the formula C6H5OH, used as an antiseptic and a raw material in the synthesis of plastics.

Molecular Formula

A notation used in chemistry to show the types and numbers of atoms combined in a single molecule of a chemical compound.

Solute Dissolves

The process by which a solute integrates into a solvent, forming a solution, typically at a molecular level.

Dissolution

The process by which a solid, liquid, or gas forms a solution in a solvent, essentially becoming incorporated into the solvent.