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

Author Question: Which of the following best completes the definition of opportunity cost? The opportunity cost of ... (Read 83 times)

blkth103

  • Full Member
  • ***
  • Posts: 156
on: Oct 12, 2022

Question 1

Society's resources are often divided into broad categories. They are
◦ population and natural resources.
◦ tangible commodities and intangible commodities.
◦ goods and services.
◦ land, labour, and capital.
◦ factors of consumption.

Question 2

Which of the following best completes the definition of opportunity cost? The opportunity cost of choosing any one alternative is the
◦ value of the next best alternative that is given up.
◦ market cost of the next best alternative.
◦ value of all other alternatives combined.
◦ value of resources used to make that alternative available to the market.
◦ revenues that would be given up if that alternative is not chosen.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by blkth103 on Oct 12, 2022

KAyteeBee1129

  • Full Member
  • ***
  • Posts: 165
Reply #1 on: Oct 12, 2022
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


blkth103

  • Member
  • Posts: 156
Reply 2 on: Oct 12, 2022
Gracias!

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
For millions of people, the United States represents a land of opportunity and freedom from ... For millions of people, the United States represents a land of opportunity and freedom from ...
Typical Startup Cost Categories Typical Startup Cost Categories
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
The Definition of Intelligence (1 of 3) The Definition of Intelligence (1 of 3)
The Definition of Intelligence The Definition of Intelligence
Video: Otitis Media

For a complete list of videos, visit our video library