Going skiing will cost Adam 80 a day. He also loses 40 per day in wages because he has to take time off from work. Adam still decides to go skiing.
A) His decision is rational if Adam's marginal benefit of spending a day skiing is greater than his marginal cost.
B) The 80 price of skiing is not an opportunity cost and so did not affect Adam's decision.
C) He loses a total of 120 per day, so his decision is irrational.
D) Adam's lost 40 per day in wages is not an opportunity cost and so did not affect his decision.
E) Adam is definitely making a decision that is in the social interest.
Question 2
All of the following are ground rules government can establish to help markets function well except
A) competition.
B) honesty.
C) information.
D) collusion.
Earth’s history is divided into nested sets of time--eons, eras, periods, and epochs--and is called
A mother dies, a father loses his leg—such calamities shattered poor urban families. Orphaned street
Both the top and bottom pattern have the same frequency. However, the amount of on-time varies.
Cost of Copying for the Follower Country
Disitive Time For Meat
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011