This topic contains a solution. Click here to go to the answer

Author Question: The price of non-work activities is: A) zero. B) equal to the opportunity cost of those ... (Read 43 times)

Mimi

  • Hero Member
  • *****
  • Posts: 542
The price of non-work activities is:
 
  A) zero.
  B) equal to the opportunity cost of those activities.
  C) less than the opportunity cost of those activities.
  D) greater than the opportunity cost of those activities.

Question 2

The price elasticity of demand for a good that is a necessity is likely to be:
 
  A) unit elastic.
  B) perfectly elastic.
  C) elastic, but not perfectly elastic.
  D) inelastic.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

B

Answer to Question 2

D




Mimi

  • Member
  • Posts: 542
Reply 2 on: Jun 29, 2018
Excellent


JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

For a complete list of videos, visit our video library