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

Author Question: The opportunity cost of an activity a. depends on the individual's subjective values and opinions ... (Read 62 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
on: Jul 1, 2018
The opportunity cost of an activity
 a. depends on the individual's subjective values and opinions
  b. is the same for everyone
  c. must be calculated and known before undertaking that activity
  d. is irrelevant to decision making
  e. is not related to time

Question 2

The opportunity cost of an activity is
 a. zero if you choose the activity voluntarily
  b. the amount of money spent on the activity
  c. the value of the best alternative not chosen
  d. the sum of benefits from all of the sacrificed alternatives
  e. the difference between the benefits and the costs of that activity


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nathang24

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


mwit1967

  • Member
  • Posts: 501
Reply 2 on: Jul 1, 2018
Wow, this really help

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

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?

If you could remove all of your skin, it would weigh up to 5 pounds.

Positron emission tomography (PET) image showing the difference in the metabolic activity of the bra Positron emission tomography (PET) image showing the difference in the metabolic activity of the bra
Relationship Between Physical Activity and Improved Health Benefits Relationship Between Physical Activity and Improved Health Benefits
Summary of Cytokine Activity Summary of Cytokine Activity
How to graph line equations without a table of values How to graph line equations without a table of values
Daily Alertness Activity (2 of 2) Daily Alertness Activity (2 of 2)
Finding the graph of a Parabola using certain values Finding the graph of a Parabola using certain values
Video: Glucose Evaluation Procedure

For a complete list of videos, visit our video library