Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
C. the foregone interest and the cost of the laptop<br />
D. the cost of the laptop minus the foregone<br />
interest<br />
Question 34 of<br />
0.0/ 2.5 Points<br />
40<br />
Juan is consuming three sandwiches and six sodas. If a sandwich costs twice as much as a soda,<br />
then __________ .<br />
A. Juan should buy more sodas<br />
B. Juan should buy more sandwiches<br />
C. Juan is maximizing his utility if he derives twice as much utility from the last soda as from<br />
the last sandwich<br />
D. Juan is maximizing his utility if he derives twice as much utility from the last sandwich as<br />
from the last soda<br />
Question 35 of<br />
2.5/ 2.5 Points<br />
40<br />
Mario has a company that produces plastic freezer bags. His company objective is to maximize<br />
__________ .<br />
A. his company's revenues<br />
B. his company's total out-of-pocket costs<br />
C. his company's opportunity costs of each factor of production<br />
D. his company's economic profits, the difference between total revenue and total<br />
cost<br />
Question 36 of<br />
0.0/ 2.5 Points<br />
40<br />
Dan is an entrepreneur who invests in commercial and residential real estate. He has a savings<br />
account with $100,000 that earns 1% APY. Dan wants to buy a house that will give him a<br />
monthly cash inflow of $200. What will be the opportunity cost of investing in the house?
Change language