Author Question: The price of non-work activities is: A) zero. B) equal to the opportunity cost of those ... (Read 42 times)

Mimi · **on:** Jun 29, 2018

The price of non-work activities is:

A) zero.
B) equal to the opportunity cost of those activities.
C) less than the opportunity cost of those activities.
D) greater than the opportunity cost of those activities.

Question 2

The price elasticity of demand for a good that is a necessity is likely to be:

A) unit elastic.
B) perfectly elastic.
C) elastic, but not perfectly elastic.
D) inelastic.