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Consider the following events that change prices. For each one,
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Question : Consider the following events that change prices. For each one, : 6885

Consider the following events that change prices. For each one, say whether the opportunity cost of consuming the affected good increases or decreases.

Event

Affectedgood

a. A local movie theater offers a student discount.

Movie tickets

b. A tax on soft drinks passes in your state.

Soft drinks

c. Subsidies on corn are cut in half.

Corn

d. Your student health center begins offering flu shots for free.

Flu shots

Event

Affectedgood

Opportunity cost

a. A local movie theater offers a student discount.

Movie tickets

(Click to select)IncreasesDecreases

b. A tax on soft drinks passes in your state.

Soft drinks

(Click to select)IncreasesDecreases

c. Subsidies on corn are cut in half.

Corn

(Click to select)IncreasesDecreases

d. Your student health center begins offering flu shots for free.

Flu shots

(Click to select)IncreasesDecreases

 

Solution
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Finance 8 Months Ago 89 Views
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