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Author Question: The price of non-work activities is: A) zero. B) equal to the opportunity cost of those ... (Read 35 times)

Mimi

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on: Jun 29, 2018
The price of non-work activities is:
 
  A) zero.
  B) equal to the opportunity cost of those activities.
  C) less than the opportunity cost of those activities.
  D) greater than the opportunity cost of those activities.

Question 2

The price elasticity of demand for a good that is a necessity is likely to be:
 
  A) unit elastic.
  B) perfectly elastic.
  C) elastic, but not perfectly elastic.
  D) inelastic.


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alexanderhamilton

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

B

Answer to Question 2

D


Mimi

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ricroger

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Reply 3 on: Yesterday
Excellent

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