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

Author Question: The reason that opportunity costs arise is that (Read 83 times)

karen

  • Hero Member
  • *****
  • Posts: 537
on: Apr 19, 2019

Question 1

Opportunity cost is


◦ that which we forgo, or give up, when we make a choice or a decision.
◦ a cost that cannot be avoided, regardless of what is done in the future.
◦ the additional cost of producing an additional unit of output.
◦ the additional cost of buying an additional unit of a product.

Question 2

The reason that opportunity costs arise is that


◦ an economy relies on money to facilitate exchange of goods and services.
◦ resources are scarce.
◦ there are no alternative decisions that could be made.
◦ people have limited wants.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by karen on Apr 19, 2019

Toya9913

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


karen

  • Hero Member
  • *****
  • Posts: 537
Reply #2 on: Apr 19, 2019
Thank you!


Toya9913

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

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?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Stages of endometrial cancer. Stage I: Mutated cells arise from glandular epithelium of the endometr Stages of endometrial cancer. Stage I: Mutated cells arise from glandular epithelium of the endometr
Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa
Economic Costs of CVD Economic Costs of CVD
The reason I selected this photo is to illustrate how seriously we must take all preaching of hatred ... The reason I selected this photo is to illustrate how seriously we must take all preaching of hatred ...
Too Much Alcohol Costs You Good Nutrition Too Much Alcohol Costs You Good Nutrition
Video: Molecules, Membrane Permeability and Structure

For a complete list of videos, visit our video library