Find opportunity cost.
Not what you're looking for?
Bella can produce either a combination of 60 silk roses and 80 silk leave or a combination of 70 silk roses and 55 silk leaves. If she now produces 60 silk roses and 80 leaves, what is the opportunity cost of producing an additional 10 silk roses?
Purchase this Solution
Solution Summary
The solution finds the opportunity cost.
Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.