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Author Question: Transaction costs are A) all unnecessary and wasteful costs. B) any nonmonetary costs associated ... (Read 98 times)

humphriesbr@me.com

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Transaction costs are
 
  A) all unnecessary and wasteful costs.
  B) any nonmonetary costs associated with a transaction.
  C) not real costs because they make no positive contribution to economic transactions.
  D) the costs of arranging agreements between demanders and suppliers.
  E) the opposite of opportunity costs.

Question 2

The above figure shows the U.S. market for wheat. When there no international trade, the U.S. price of wheat is ________ per ton and the U.S. equilibrium quantity is ________ tons.
 
  A) 14; 300,000
  B) 14; 500,000
  C) 16; 500,000
  D) 16; 300,000
  E) 16; 700,000


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AaaA

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humphriesbr@me.com

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


chereeb

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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