write in the form of: e.g 1: A.

1. C 35 D E 35 50 65 75 Caps A firm is currently producing 68 balls and 35 caps at point B. What would be the opportunity cost if it plans to produce 35 balls and 65 caps at point D? A. 33 balls B. 30 caps C. 14 balls D. 15 caps 2. In a market economy, what does the entrepreneur decide? A the combination of resources used B. the demand for the product C. the equilibrium price of the product D. the level of profits 3. A government spends $100m on employing extra teachers instead of extra nurses. What will be the opportunity cost of this? A $100m B. the cost of training extra teachers C. the extra nurses D. the reduction in unemployment among teachers