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Mekhanik [1.2K]
2 years ago
10

Madeline spends all of her spare money on widgets, which cost $2 each, and gizmos, which cost $3 each. What is her opportunity c

ost if Madeline buys 12 widgets?
Business
1 answer:
RUDIKE [14]2 years ago
6 0

Answer:

The correct answer to the following question is that the opportunity cost of Madeline would be 8 units of gizmos .

Explanation:

Opportunity cost can be defined as the benefit or gain that a person might have got or earn if he or she had not selected the current alternative. In this question Madeline has bought 12 widgets, now these widgets cost $2 each , so she has spend $24 ( $2 x 12 ) on the widgets. So here her opportunity cost would be the gizmos that she could have bought , that is $24 / $3 = 8 units

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Answer:

Explanation:

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2 years ago
Think about ways tanya could save on education expenses. are there scholarships or grants for which she can apply? if so, which
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5 0
2 years ago
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Answer:

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Marina86 [1]

Answer:

The Current price will result in a low supply for the good.

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1 year ago
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Answer:

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