Author Question: You paid 145 for an iPod Nano. The cash you sacrificed is a(n) A) explicit cost. B) implicit ... (Read 140 times)

Zoey63294

  • Hero Member
  • *****
  • Posts: 539
You paid 145 for an iPod Nano. The cash you sacrificed is a(n)
 
  A) explicit cost.
  B) implicit cost.
  C) deferred cost.
  D) accrued cost.

Question 2

Producer surplus is the amount a seller receives for a good or service.
 
  Indicate whether the statement is true or false



peilian

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

A

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

peilian

  • Sr. Member
  • ****
  • Posts: 316

 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

For a complete list of videos, visit our video library