« previous next »

Author Question: A university offers a free shuttle service around campus. The opportunity cost of the shuttle ... (Read 58 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jun 30, 2018
A university offers a free shuttle service around campus. The opportunity cost of the shuttle service to the university is equal to:
 a. zero, since it is free to students who want to ride.
 b. the wages paid to the shuttle drivers.
 c. the wages paid to the shuttle drivers, plus the gasoline expenses.
 d. the highest valued alternative use of the resources devoted to the shuttle program.

Question 2

If nominal GDP rises:
 a. we can be sure the price level has risen.
  b. real GDP may rise or fall.
 c. real GDP must rise.
 d. real GDP must fall.


aburgess

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

NAD+ as an electron shuttle. NAD+ as an electron shuttle.
Envelope showing four options for placement of ancillary service endorsements. Envelope showing four options for placement of ancillary service endorsements.
Many exhaust manifolds are constructed of pressed steel and are free flowing to improve engine ... Many exhaust manifolds are constructed of pressed steel and are free flowing to improve engine ...
Cost of Laptops Cost of Laptops
College and university attendance is associated with developmental advances College and university attendance is associated with developmental advances
Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ... Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ...
Video: Role of complement proteins

For a complete list of videos, visit our video library