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Table 2-18 Table 2-18 Shows the Output Per Week of Week

question 94

Multiple Choice

Table 2-18
Table 2-18    Table 2-18 shows the output per week of two people, Minnie and Mickey. They can either devote their time to making hats or making umbrellas. -Refer to Table 2-18. What is Mickey's opportunity cost of making an umbrella? A)  1/5 of a hat B)  5 hats C)  10 hats D)  50 hats Table 2-18 shows the output per week of two people, Minnie and Mickey. They can either devote their time to making hats or making umbrellas.
-Refer to Table 2-18. What is Mickey's opportunity cost of making an umbrella?

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Definitions:

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Capable of being used or substituted in place of each other without significant difference or loss of function.

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Empirically

Based on observation or experience rather than theory or pure logic, involving data and experimental evidence.

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