What is Haley’s opportunity cost of making a necklace? Select one:…
Question Answered step-by-step What is Haley’s opportunity cost of making a necklace? Select one:… What is Haley’s opportunity cost of making a necklace?Select one:a.3/4 of a braceletb.3 braceletsc.1 1/3 necklacesd.2 necklaces 2) “In general, an equilibrium of a competitive market maximises the total surplus from trade” This statementa.is true only if there are no negative externalities in the market.b.is true only if there are no positive or negative externalities in the market.c.is true in theory, but economic efficiency cannot be achieved in a real market.d.is true only if there are positive externalities in production in the market. 4 When the demand for zero sugar soft drinks increases due to changes in consumer tastes, and the supply of these drinks increases as a result of reductions in input prices, we will observeSelect one: a.a decrease in the equilibrium price of soft drinks; the equilibrium quantity may increase or decrease. b.a decrease in the equilibrium quantity of soft drinks and no change in the equilibrium price. c.a decrease in the equilibrium price of soft drinks and no change in the equilibrium quantity. d.an increase in the equilibrium quantity of soft drinks; the equilibrium price may increase or decrease. 5) Voluntary exchange cannot ________ economic efficiency because neither the buyer nor the seller would agree to a trade unless ________.Select one:a.decrease; at least one party benefits b.decrease; they both benefit c.increase; only one party benefits d.none of the answers is correct Business Economics ECON 100 Share QuestionEmailCopy link Comments (0)
