Author Question: A consumer purchases a book by driving across town to a bookstore, standing in line for five minutes ... (Read 134 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
A consumer purchases a book by driving across town to a bookstore, standing in line for five minutes to pay the cashier, and then pays 5.
 
  The same book is purchased by another consumer who spends 2 minutes placing the order over the internet for 10. The book necessarily cost the first consumer less. Indicate whether the statement is true or false

Question 2

Which of the following statements is an example of agenda control?
 
  a. A governor vetoes a concealed carry law.
  b. A state legislature puts on the ballot a 500 million high-tech infrastructure initiative.
  c. A state education department implants a federal education law.
   d. A private citizen sues to prevent her home being taken through eminent domain.



aham8f

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

False. The opportunity cost of driving across town and standing in line may have raised the total cost of the book to the first consumer to more than 10.

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

For a complete list of videos, visit our video library