ECON 2100 Midterm: ECON 2100 Kennesaw State ECON2100 Summer2012 Exam1D Key
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Econ 2100 (summer 2012 sections 07 and 08) Olivia spends her workday producing tennis balls and hotdogs. If she spent an entire workday making tennis balls, she could produce 100 units of output. If she spent an entire workday making hotdogs, she could produce 25 units of output. It follows that her opportunity cost of a. 1/4 (i. e. , one quarter) of a tennis ball. ___________________ is the branch of economics which studies the behavior of a society"s economy as a whole (focusing on levels of and changes in things such as unemployment rates, inflation rates, and gdp growth rates). Whenever gene has dinner at stevi b"s he enjoys playing the video game extreme hunting. A. c. and zack produce surfboards and hair gel. A. c. "s opportunity cost of producing a surfboard is lower than zack"s opportunity cost of producing a surfboard.
