If They Spend All Night Writing Computer Programs,Laurence Can Write

question 241

Multiple Choice

If they spend all night writing computer programs,Laurence can write 10 programs,and Carrie Anne can write 5.If they spend all night making sunglasses,Laurence can make six pairs,and Carrie Anne can make four.We know that:

• A) Laurence's opportunity cost of writing programs is less than Carrie Anne's.
• B) Laurence's opportunity costs of writing programs and of making sunglasses are less than Carrie Anne's.
• C) Carrie Anne's opportunity costs of writing programs and of making sunglasses are less than Laurence's.
• D) Carrie Anne's opportunity cost of writing programs is less than Laurence's.

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Definitions:

Agricultural Prices

The amount of money required to purchase agricultural products, which can fluctuate based on factors like supply, demand, weather conditions, and market trends.

Supply

The total amount of a product or service available for purchase at any given price level in a given market.

Fiscal Policy

Government policies regarding taxation and spending that aim to influence economic conditions, such as growth rates, inflation, and unemployment.

GDP

Gross Domestic Product, a monetary measure of the market value of all the final goods and services produced in a specific time period within a country's borders.