This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The opportunity cost of an activity a. depends on the individual's subjective values and opinions ... (Read 55 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
on: Jul 1, 2018
The opportunity cost of an activity
 a. depends on the individual's subjective values and opinions
  b. is the same for everyone
  c. must be calculated and known before undertaking that activity
  d. is irrelevant to decision making
  e. is not related to time

Question 2

The opportunity cost of an activity is
 a. zero if you choose the activity voluntarily
  b. the amount of money spent on the activity
  c. the value of the best alternative not chosen
  d. the sum of benefits from all of the sacrificed alternatives
  e. the difference between the benefits and the costs of that activity


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nathang24

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


mwit1967

  • Member
  • Posts: 501
Reply 2 on: Jul 1, 2018
:D TYSM

samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

A tail from a different individual - the tail of each humpback whale is visibly unique. A tail from a different individual - the tail of each humpback whale is visibly unique.
Acromegaly. Acromegaly is a metabolic disorder in which excessive amounts of growth hormone are secr Acromegaly. Acromegaly is a metabolic disorder in which excessive amounts of growth hormone are secr
Activity versus specific activity Activity versus specific activity
Supermassive Black Holes as Engines for Galactic Activity Supermassive Black Holes as Engines for Galactic Activity
Summary of Cytokine Activity Summary of Cytokine Activity
Daily Alertness Activity Daily Alertness Activity
Video: Introduction to Diabetes

For a complete list of videos, visit our video library