Table 2.5 Table 2.5 Shows the Output Per Month of Two People

question 191

Multiple Choice

Table 2.5

Table 2.5 shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles.
-Refer to Table 2.5. What is Barney's opportunity cost of making a unicycle?

• A)1/2 pogo stick
• B)2 pogo sticks
• C)1.75 unicycles
• D)2.8 pogo sticks

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Mobile

Pertaining to devices that are portable, allowing for telecommunications and computing on the go.

Net Price

The price after allowance for all discounts.

Standard Price

The regular or fixed cost of a product or service, typically unaffected by discounts or special offers.

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Individuals or entities that purchase goods or services from a business.