Opportunity Cost and Marginal Cost

Opportunity Cost and Marginal Cost

12th Grade

15 Qs

quiz-placeholder

Similar activities

Colorado - The Highest State Ch. 7 - 9

Colorado - The Highest State Ch. 7 - 9

10th - 12th Grade

20 Qs

C&E Microeconomics

C&E Microeconomics

9th - 12th Grade

18 Qs

Standard 5 Review

Standard 5 Review

9th - 12th Grade

20 Qs

Elements of Economics

Elements of Economics

12th Grade

20 Qs

Quiz Njir: Dasar Ekon x Demand-Supply

Quiz Njir: Dasar Ekon x Demand-Supply

12th Grade

12 Qs

Market Systems

Market Systems

11th Grade - University

15 Qs

Tahap Pencatatan Pada Perusahaan Dagang XII IPS Ekonomi

Tahap Pencatatan Pada Perusahaan Dagang XII IPS Ekonomi

12th Grade

16 Qs

Microeconomic reform

Microeconomic reform

12th Grade

12 Qs

Opportunity Cost and Marginal Cost

Opportunity Cost and Marginal Cost

Assessment

Passage

Social Studies

12th Grade

Medium

Created by

MARISSA DECKER

Used 3+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In scenario E, on average, how many rabbits have been caught per day?

3 rabbits

1 rabbit

2 rabbits

4 rabbits

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In scenario E, on average, how many berries have been gathered per day?

200 berries

280 berries

320 berries

250 berries

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the opportunity cost of catching 1 more rabbit in scenario E?

20 berries

40 berries

50 berries

30 berries

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the technical term for the cost of producing 1 more unit in this context?

Opportunity cost

Marginal cost

Variable cost

Fixed cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the opportunity cost of 20 more berries in scenario E is 1 rabbit, what is the marginal cost of 1 more berry?

1/10 of a rabbit

1/15 of a rabbit

1/20 of a rabbit

1/25 of a rabbit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does PPF stand for in the context of this video?

Possible Production Frontier

Production Possibilities Frontier

Productive Possibilities Framework

Potential Productive Function

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the opportunity cost of 1 more rabbit in scenario B?

60 berries

50 berries

40 berries

30 berries

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?