Henry and John are fisherman who catch bass and catfish. Thi…

Henry and John are fisherman who catch bass and catfish. This chart shows how many of each type of fish they can catch in one day.                                                 Bass                                   Catfish Henry 4 Bass 6 Catfish John 24 Bass 12 Catfish What is the opportunity cost for Henry of catching 1 bass?

Question 5-8 related to the oil market. Let PO be the price…

Question 5-8 related to the oil market. Let PO be the price of oil and QO be the quantity transacted of oil. Determine which happened to PO  and QO in the following situations.   The US government begins subsidizing electric vehicles which do not require gas.