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cream or 3,000 popsicles. The opportunity cost of 1 gallon of ice cream is: 11. Kelly decides to stop studying for a math test and
cream or 3,000 popsicles. The opportunity cost of 1 gallon of ice cream is: 11. Kelly decides to stop studying for a math test and spend the last 1I'2 hour of study time working on her public speaking presentation. This vignette best illustrates the economic principle that: 12. Fruit canning plants in Malaysia are relatively labor intensive and those in the US are relatively capital intensive. An economist would say: 13. The gas station on the edge of town has gas that is 30clgallon cheaper than my local station. I buy 10 gallons of gas a week. Assume that I value my time at $10 per hour and it takes me 11'2 hour to drive to and from the faraway station. For simplicity, assume the travel cost to the local station is zero miles and damageldepreciation of my car is trivial on the trip to the faraway station. Should I buv my gas at the farawav station
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