If instead of working on his own as a consultant making 25,000, ...

[tiffannnnyyyyyy]

If instead of working on his own as a consultant making 25,000, Joe takes a job at a bank, the 25,000 is
 
  A) an opportunity cost.
  B) a depreciation.
  C) a loss.
  D) an accounting profit.

Question 2

Total revenue received by surfboard manufacturers increases by 2 million when the price of a surfboard decreases by 10. The price the elasticity of demand for surfboards is
 
  A) between 0 and 1.
  B) greater than 1.
  C) equal to 0.
  D) some amount that is impossible to determine without more information.

[kkenney]

Answer to Question 1

A

Answer to Question 2

B

[tiffannnnyyyyyy]

TYSM

[ryhom]

Gracias!