« previous next »

Author Question: You can buy a season ticket to the Metropolitan Opera for 800. A season ticket plan to see the New ... (Read 80 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
You can buy a season ticket to the Metropolitan Opera for 800. A season ticket plan to see the New York Knicks is 1600. Which of the following is a CORRECT statement?
 
  A) The money price of opera tickets is 1/2 of a Knicks ticket per opera ticket.
  B) The opportunity cost of a Knicks ticket is 2 opera tickets per Knicks ticket.
  C) The relative price of an opera ticket is 800.
  D) the money price of a Knicks ticket is 2 opera tickets per Knicks ticket.

Question 2

Positive externalities and high transaction costs make voluntary social cooperation difficult because they
 
  A) are also obstacles to the effective working of democratically controlled governments.
  B) can be eliminated by government.
  C) can best be reduced by abandoning persuasion and voluntary cooperation.
  D) make government intervention necessary.
  E) make it easier for cartels to operate effectively.


chem1s3

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Metfan725

  • Hero Member
  • *****
  • Posts: 552
Reply #2 on: Jun 29, 2018
Thank you


chem1s3

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

A fire safety plan like RACE saves lives. A fire safety plan like RACE saves lives.
How to choose the right payment plan with changing conditions (Question 1) How to choose the right payment plan with changing conditions (Question 1)
Plan of the Anu Ziggurat and White Temple Plan of the Anu Ziggurat and White Temple
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Nursing Care Plan Process: Client with High Blood Lipid Levels Nursing Care Plan Process: Client with High Blood Lipid Levels
Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ... Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ...
Video: Language Areas Animation

For a complete list of videos, visit our video library