« previous next »

Author Question: Review the following statement. He who has choice has pain. What is meant by this? What will be ... (Read 60 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jun 29, 2018
Review the following statement. He who has choice has pain. What is meant by this?
 
  What will be an ideal response?

Question 2

If the natural monopoly shown in the figure above is unregulated, then consumer surplus will be
 
  A) 0.
  B) 4 million.
  C) 8 million.
  D) 16 million.


polinasid

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

He who has choice has pain refers to the sad but unavoidable fact that whatever we decide to do is going to have a cost. If we decide to buy a hamburger it means we can't buy a chicken sandwich. The sentence is primarily focused on the idea that all choices involve opportunity costs.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

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?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

A review of photosynthesis. A review of photosynthesis.
Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Example of a choice board used in studies of decision making. This one includes four factors for ... Example of a choice board used in studies of decision making. This one includes four factors for ...
“Career choice” for many women means leaving their paid jobs for a number of years when they ... “Career choice” for many women means leaving their paid jobs for a number of years when they ...
Can you help me with my review? I've attached screenshots of the diagrams Can you help me with my review? I've attached screenshots of the diagrams
Video: Ventilation - phases and driving forces

For a complete list of videos, visit our video library