Which of the following best describes a tradeoff? a. An office ...

[DyllonKazuo]

Which of the following best describes a tradeoff?
 a. An office executive enrolling into a management course to develop her skills.
  b. An investor buying stocks of a start-up company.
  c. A businessman investing a portion of company's profit in research and development.
  d. A college student sacrificing a few hours of study time to work at the town cafeteria.
  e. A worker purchasing a new car with her bonus earnings.

Question 2

Both monopolistically and perfectly competitive firms earn only normal profits in the long run.
 a. True
  b. False
  Indicate whether the statement is true or false

[Danny Ewald]

Answer to Question 1

d

Answer to Question 2

True