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

Author Question: Ted quits his 60,000-a-year job to be a stay-at-home dad. What is the opportunity cost of his ... (Read 24 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jun 29, 2018
Ted quits his 60,000-a-year job to be a stay-at-home dad. What is the opportunity cost of his decision?
 
  A) the value he attributes to the joy of parenting
  B) at least 60,000
  C) zero, since he will no longer be earning a salary
  D) depends on the going rate for stay-at-home dads

Question 2

Absolute advantage is
 
  A) the ability to produce a good or service at a higher opportunity cost than one's competitors.
  B) the ability to produce more of a good or service than competitors that have fewer resources.
  C) the ability to produce more of a good or service than competitors when using the same amount of resources.
  D) the ability to produce higher quality goods compared to one's competitors.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

flannelavenger

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Charlie

  • Member
  • Posts: 640
Reply 2 on: Jun 29, 2018
:D TYSM

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

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

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Elizabeth, a married 35-year-old woman, always thought that she followed a sensible diet Elizabeth, a married 35-year-old woman, always thought that she followed a sensible diet
Honey should never be given to children younger than one year of age Honey should never be given to children younger than one year of age
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
Cost of Going to School Cost of Going to School
What single payment one year from now would be economically equivalent to payments of $1,000 ... What single payment one year from now would be economically equivalent to payments of $1,000 ...
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library