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

Author Question: You have the option of consuming one cup of coffee or two donuts or three oranges. You picked the ... (Read 52 times)

abern

  • Hero Member
  • *****
  • Posts: 533
You have the option of consuming one cup of coffee or two donuts or three oranges. You picked the cup of coffee. Therefore the opportunity cost of this cup of coffee is
 
  A) the price of the cup of coffee.
  B) the difference in the prices of these three products.
  C) the price of the donuts as they are usually consumed with coffee.
  D) either the donuts or the oranges, whichever you like more.

Question 2

A politician says that the government should tax behavior they want less of and subsidize behavior they want more of. This is an example of
 
  A) cynical behavior in modern democracies.
  B) failing to consider the alternatives available to the government.
  C) a concern that people are not rational when they make decisions.
  D) using incentives to alter behavior.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mbcrismon

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

D

Answer to Question 2

D




abern

  • Member
  • Posts: 533
Reply 2 on: Jun 29, 2018
Wow, this really help


TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

For a complete list of videos, visit our video library