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Author Question: Opportunity cost can best be defined as A) the interest cost of financing a business loan at the ... (Read 143 times)

DelorasTo

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on: Jun 29, 2018
Opportunity cost can best be defined as
 
  A) the interest cost of financing a business loan at the bank.
  B) the value of all of the alternatives sacrificed.
  C) the value of the next-highest-ranked alternative.
  D) There is no real definition for opportunity cost.

Question 2

Following adjustments to a new equilibrium in a market, the market clearing price remains unchanged, but the equilibrium quantity is now lower. Which of the following could definitely have caused this outcome?
 
  A) Demand and supply both increased.
  B) Demand and supply both decreased.
  C) Demand increased, and supply decreased.
  D) Demand decreased, and supply increased.


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briezy

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


DelorasTo

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

helenmarkerine

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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