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Author Question: To say that something is scarce means that: a. it is no longer available in stores. b. it must be ... (Read 70 times)

jc611

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on: Jun 30, 2018
To say that something is scarce means that:
 a. it is no longer available in stores.
  b. it must be conserved at any cost.
  c. even the government cannot supply it.
  d. sufficient amounts of it available only at a zero price.
  e. not enough is available to satisfy people's wants at a zero price.

Question 2

If a student enrolls in an additional course at the university, an economist would conclude that:
 a. the total benefit that the student expects to receive as a result of completing her college degree exceeds the total cost of her college education.
  b. the student is not following the rule of rational choice.
 c. the student must not be involved in extracurricular campus activities.
 d. the expected marginal benefit of an additional course must exceed the expected marginal cost of the course.


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ju

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

d


jc611

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Reply #2 on: Jun 30, 2018
Correct answers!


ju

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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