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

Author Question: Which economic concept is illustrated by the saying You can't have your cake and eat it too? a. ... (Read 79 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
Which economic concept is illustrated by the saying You can't have your cake and eat it too?
 a. Private property rights
  b. Economic freedom
  c. Scarcity
  d. Opportunity cost
  e. Gains from trade

Question 2

The marginal cost of a vacation in the south of France is 4,500 . The marginal benefit to Madeline of a vacation in the south of France is 4,800.
 a. Madeline will lose 300 if she vacations in the south of France.
 b. Madeline will experience a net gain of 300 if she vacations in the south of France.
  c. Madeline will be worse off if she vacations in the south of France.
 d. Madeline will enjoy a net gain of 4,800 if she vacations in the south of France.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

matt

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


DelorasTo

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
Gracias!

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

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.

African (above) and Asiatic (below) lions, as illustrated in Johnsons Book of Nature African (above) and Asiatic (below) lions, as illustrated in Johnsons Book of Nature
Medicinal leeches on a patient’s neck. Today leeches are sometimes used in microsurgery to prevent b Medicinal leeches on a patient’s neck. Today leeches are sometimes used in microsurgery to prevent b
Economic and Social Development Economic and Social Development
Economic activity as viewed by environment and ecological economists Economic activity as viewed by environment and ecological economists
economic question economic question
economic question economic question
Video: DNA close up Animation

For a complete list of videos, visit our video library