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Author Question: A homeowner making a mortgage payment is paying A) a sunk cost which is consequently not a ... (Read 66 times)

tingc95

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on: Jun 29, 2018
A homeowner making a mortgage payment is paying
 
  A) a sunk cost which is consequently not a genuine cost at all.
  B) the cost of borrowing to purchase the house.
  C) the cost of constructing the house.
  D) the cost of purchasing the house.
  E) the cost of retaining ownership of the house.

Question 2

The above table shows production combinations on a country's production possibilities frontier. What is the opportunity cost of one unit of Y when the production of good Y increases from 16 to 28 units?
 
  A) 4 units of good X per unit of good Y
  B) 3 units of good X per unit of good Y
  C) 1/4 unit of good X per unit of good Y
  D) There is no opportunity cost when moving from one point to another along a production possibilities frontier.


macmac

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

E

Answer to Question 2

C


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