Author Question: Steve and Karen decide to attend the same concert when they are each given free tickets to it. We ... (Read 120 times)

tth

  • Hero Member
  • *****
  • Posts: 579
Steve and Karen decide to attend the same concert when they are each given free tickets to it. We know that
 
  A) both bear the same opportunity cost because they are seeing the same thing.
  B) both bear the same opportunity cost because the tickets have the same face value.
  C) both bear an opportunity cost that depends on what each person is giving up to attend the concert.
  D) neither bears an opportunity cost since the tickets were given free to them.

Question 2

By summing the quantities demanded by individuals at each price we obtain the
 
  A) equilibrium price.
  B) market demand curve.
  C) market supply curve.
  D) individual demand curve.



dellikani2015

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

For a complete list of videos, visit our video library