« previous next »

Author Question: An explicit cost is defined as A) a nonmonetary accounting cost. B) a cost that involves spending ... (Read 42 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
on: Jun 29, 2018
An explicit cost is defined as
 
  A) a nonmonetary accounting cost. B) a cost that involves spending money.
  C) a nonmonetary opportunity cost. D) a cost that does not change as output changes.

Question 2

Total utility is maximized in the consumption of two goods by
 
  A) maximizing expenditure on each good.
  B) equating the marginal utility for each good consumed.
  C) equating the total utility of each good divided by its price.
  D) equating the marginal utility per dollar for each good consumed.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


cloud

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Spotted hyena cubs in Limpopo, South Africa. Note the well defined spots, which will fade with age Spotted hyena cubs in Limpopo, South Africa. Note the well defined spots, which will fade with age
The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ... The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ...
Asomatognosia typically involves damage to the right parietal lobe. Asomatognosia typically involves damage to the right parietal lobe.
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Intermediate Accounting (Gordon/Raedy/Sannella) Intermediate Accounting (Gordon/Raedy/Sannella)
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Structure of a Ribosome

For a complete list of videos, visit our video library