« previous next »

Author Question: An explicit cost is defined as A) a nonmonetary accounting cost. B) a cost that involves spending ... (Read 117 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
on: Jun 29, 2018
An explicit cost is defined as
 
  A) a nonmonetary accounting cost. B) a cost that involves spending money.
  C) a nonmonetary opportunity cost. D) a cost that does not change as output changes.

Question 2

Total utility is maximized in the consumption of two goods by
 
  A) maximizing expenditure on each good.
  B) equating the marginal utility for each good consumed.
  C) equating the total utility of each good divided by its price.
  D) equating the marginal utility per dollar for each good consumed.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


cloud

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Adults in late middle adulthood frequently look forward to spending more time with their partner Adults in late middle adulthood frequently look forward to spending more time with their partner
GI endoscopy. (a) Similar to other forms of GI endoscopy, laparoscopy involves the insertion of a sp GI endoscopy. (a) Similar to other forms of GI endoscopy, laparoscopy involves the insertion of a sp
Checking gasoline for alcohol involves using a graduated cylinder and adding water to check if the ... Checking gasoline for alcohol involves using a graduated cylinder and adding water to check if the ...
Meiosis involves two complete divisional operations forming four potential sex cells. Meiosis involves two complete divisional operations forming four potential sex cells.
Typical Startup Cost Categories Typical Startup Cost Categories
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library