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The opportunity cost of a hot dog in terms of hamburgers is Question 11 options: the ratio of the slope of the demand curve for
The opportunity cost of a hot dog in terms of hamburgers is Question 11 options: the ratio of the slope of the demand curve for hot dogs to the slope of the demand curve for hamburgers the ratio of the slope of the supply curve of hot dogs to the slope of the supply curve of hamburgers the ratio of the money price of a hot dog to the money price of a hamburger Question 12 (1 point) The money price of a litre of milk is $3.33 and the money price of a litre of gasoline is $1.11. The relative price of a litre of gasoline in terms of milk is Question 12 options: 1/3 litre of milk $3.33 $2.22 Question 13 (1 point) What is the relative price of a litre of gasoline in terms of a kilogram of apples? Question 13 options: the money price of a kilogram of apples the money price of a litre of gasoline divided by the money price of a kilogram of apples the money price of a kilogram of apples divided by the money price of a litre of gasoline Question 14 (1 point) A relative price is an opportunity cost
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