Exhibit 2-1 Production possibilities curve data Consumption Goods Capital Goods
10 0
9 1
7 2
4 3
0 4
In Exhibit 2-1, the opportunity cost of producing the fourth unit of capital is
1 unit of consumption goods
2 units of consumption goods
4 units of consumption goods
there is not enough information to estimate the opportunity cost

Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided

Within the relevant range, if there is a change in the level of the cost driver, then a. total fixed costs will remain the same and total variable costs will change b. total fixed costs will change and total variable costs will remain the same c. total fixed costs and total variable costs will change d. total fixed costs and total variable costs will remain the same