If the economy is at point c, what is the (opportunity) cost of 2 more automobiles?

1 answer:

4 0

I don't know what point C is but I do know what opportunity cost is and will attempt to give you some more insight into the question. Opportunity cost is a trade off. It's what you give up in order to obtain something else. For example, you would pay more in order to have a car with more safety features. A higher price for the consumers in exchange for more safety.

You might be interested in

A cashier earns $7 an hour. If x is the number of hours worked, which function represents the cashier’s earnings? y = 7x y = x 7

Vilka [71]

I think its 7x since x represents the hours she worked. So lets say that she worked for 5 hours this day. It would be 5*7 which is $35. So it is 7x and if there is any choices you might say it as well so we can help you better

4 0

3 years ago

Read 2 more answers

Robert is making 5 batches of lemonade. Each batch requires 2 1\3 quarts of water.

svetlana [45]

2 1/3 quarts per batch, and five batches, so you multiply 2 1/3 x 5.

2 1/3 = 7/3 and 5 x 7/3 = 35/3 which simplifies to 11 2/3, so D. is the answer.

If you would like a more detailed answer just ask.

4 0

3 years ago

Write the equation of the line for a line that passes through (4, 4) and (1, -2).

pshichka [43]

$(\stackrel{x_1}{4}~,~\stackrel{y_1}{4})\qquad (\stackrel{x_2}{1}~,~\stackrel{y_2}{-2}) ~\hfill \stackrel{slope}{m}\implies \cfrac{\stackrel{rise} {\stackrel{y_2}{-2}-\stackrel{y1}{4}}}{\underset{run} {\underset{x_2}{1}-\underset{x_1}{4}}}\implies \cfrac{-6}{-3}\implies 2 \\\\\\ \begin{array}{|c|ll} \cline{1-1} \textit{point-slope form}\\ \cline{1-1} \\ y-y_1=m(x-x_1) \\\\ \cline{1-1} \end{array}\implies y-\stackrel{y_1}{4}=\stackrel{m}{2}(x-\stackrel{x_1}{4}) \\\\\\ y-4=2x-8\implies y=2x-4$