« previous next »

Author Question: An explicit cost is defined as A) a nonmonetary accounting cost. B) a cost that involves spending ... (Read 101 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
on: Jun 29, 2018
An explicit cost is defined as
 
  A) a nonmonetary accounting cost. B) a cost that involves spending money.
  C) a nonmonetary opportunity cost. D) a cost that does not change as output changes.

Question 2

Total utility is maximized in the consumption of two goods by
 
  A) maximizing expenditure on each good.
  B) equating the marginal utility for each good consumed.
  C) equating the total utility of each good divided by its price.
  D) equating the marginal utility per dollar for each good consumed.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


cloud

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

The "Emu in the sky," a constellation defined by dark clouds rather than the stars. The "Emu in the sky," a constellation defined by dark clouds rather than the stars.
Sprain. A sprain involves damage to one or more ligaments, and is categorized into three degrees of Sprain. A sprain involves damage to one or more ligaments, and is categorized into three degrees of
To summarize, this signal transduction pathway involves To summarize, this signal transduction pathway involves
Growth of Government Spending, 1870–2009 Growth of Government Spending, 1870–2009
Accounting Accounting
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Video: Photosynthesis and Van Helmont Experiment

For a complete list of videos, visit our video library