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Author Question: Samia has decided that with the two hours in between classes she can do one of 3 things. She has ... (Read 25 times)

pane00

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on: Jun 29, 2018
Samia has decided that with the two hours in between classes she can do one of 3 things. She has ranked her choices, from highest to lowest as, (1 ) chat with her friends, (2 ) study economics or (3 ) take a nap.
 
  The opportunity cost of chatting with her friends is A) the combined value of studying economics and taking a nap.
  B) the value of studying economics, the next best use of time.
  C) the value of chatting with her friends.
  D) zero since she does not pay her friends to talk to her.

Question 2

An increase in supply causes
 
  A) quantity supplied to decrease.
  B) supply and price to increase.
  C) price to decrease.
  D) price to increase.


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aloop

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


pane00

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

tuate

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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