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

Author Question: Which of the following describes the economic meanings of cost and price? (Read 26 times)

clmills979

  • Hero Member
  • *****
  • Posts: 551
on: May 24, 2019
Which of the following describes the economic meanings of cost and price?
◦ Cost is exchange worth, and price is dollar worth.
◦ Cost is what must be given up to produce a good, and price is what a seller receives when the good is sold.
◦ They are the same, and they both mean what is received when a good is sold.
◦ Cost refers to what the buyers pay for the good, and price refers to what sellers receive when the good is sold.
◦ Cost refers to the price that buyers must pay to buy the good.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by clmills979 on May 24, 2019

Toya9913

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


clmills979

  • Member
  • Posts: 551
Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

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

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

economic question economic question
economic question economic question
economic question economic question
economic question economic question
economic question economic question
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Hormones and the menstrual cycle Animation

For a complete list of videos, visit our video library