Explain the combination of candy

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Reference no: EM133028950

Camille is at the candy store with Grandma Mary, who offers to buy her $10 worth of candy. If lollipops are $1 each and candy bars are $2 each, what combination of candy can Camille's Grandma Mary buy her?

Multiple Choice

  • ten lollipops and five candy bars
  • four lollipops and three candy bars
  • three lollipops and four candy bars
  • two lollipop and five candy bars

A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule.

Production Possibilities

Product

A

B

C

D

E

F

Steel

0

1

2

3

4

5

Wheat

100

90

75

55

30

0

The marginal opportunity cost of the first unit of steel is

Multiple Choices

  • 15 units of wheat.
  • 90 units of wheat.
  • 10 units of wheat.
  • 100 units of wheat.

 A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule.

Production Possibilities

Product

A

B

C

D

E

F

Steel

0

1

2

3

4

5

Wheat

100

90

75

55

30

0

The opportunity cost of producing the 56th unit of wheat is approximately

Multiple Choices

  • 20 units of steel.
  • 0 units of steel.
  • 1 unit of steel.
  • 1/20 of a unit of steel.

Reference no: EM133028950

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