​The Following Graph Shows the Demand and Supply Curves of a Resource

question 2

Multiple Choice

​The following graph shows the demand and supply curves of a resource. The opportunity cost of the resource in equilibrium equals _____. Figure 11.2

• A)$40
• B)$60
• C)$100
• D)$700
• E)$300

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Definitions:

Patronage Model

A crowdfunding model where backers do not expect any direct return for their donation or investment.

Crowdfunders

Individuals or groups who fund projects or ventures through small contributions from a large number of people, typically via the internet.

Financial Support

Monetary assistance provided to individuals, organizations, or countries, often aimed at promoting economic development or providing relief during hardships.

Kickstarter

A crowdfunding platform where creators present projects to the public to raise capital from a wide audience of backers.