« previous next »

Author Question: What is a seller's opportunity cost?[br][br][b][color=green]Question 2[/color][/b][br][br]Economies ... (Read 42 times)

dakota nelson

  • Hero Member
  • *****
  • Posts: 604
on: Jun 30, 2018
What is a seller's opportunity cost?

Question 2

Economies and diseconomies of scale are the reasons why short-run average total cost decreases and then increases.
 a. True
  b. False
  Indicate whether the statement is true or false


randomguy133

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 30, 2018
Answer to Question 1

A seller's opportunity cost is the dollar value of the best alternative he forgoes when he parts with the object. It is the lowest dollar value that the seller will accept for parting with his good.

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Mastering Biology Question Mastering Biology Question
Answer to Vector Question Pt. 2 Answer to Vector Question Pt. 2
Biology Question Biology Question
Math question Math question
Economic practice question Economic practice question
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: Methods of carbon dioxide transport - carbaminohemoglobin and bicarbonate ions

For a complete list of videos, visit our video library