Opportunity Cost and Marginal Cost
Passage
•
Social Studies
•
12th Grade
•
Medium
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
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