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Figure 3-3 Ice Cream Is Measured in Kilograms

question 58

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Figure 3-3
Ice cream is measured in kilograms. Figure 3-3 Ice cream is measured in kilograms.   -Refer to Figure 3-3. For Ben, what is the opportunity cost of 1 kg of cones? A) 2 kg of ice cream. B) 1/2 kg of ice cream. C) 4 kg of ice cream. D) 1/4 kg of ice cream.
-Refer to Figure 3-3. For Ben, what is the opportunity cost of 1 kg of cones?


Definitions:

Negative Externalities

Costs suffered by a third party as a result of an economic transaction or activity, not reflected in the transaction's price.

Traffic Congestion

A condition on road networks that occurs as use increases, and is characterized by slower speeds, longer trip times, and increased vehicular queueing.

Express Lanes

Specifically designated traffic lanes designed to reduce congestion by allowing vehicles meeting certain criteria, such as carpooling or toll payment, to use a less congested lane.

Toll Roads

Highways or sections of highways for which users are required to pay a fee for access or passage.

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