Author Question: Implicit costs are A) costs that are measured in dollars. B) costs that do not involve an ... (Read 136 times)

tingc95

  • Hero Member
  • *****
  • Posts: 556
Implicit costs are
 
  A) costs that are measured in dollars.
  B) costs that do not involve an exchange of money.
  C) costs that typically involve the exchange of money.
  D) the same as explicit costs.

Question 2

When Major League Baseball players were awarded the right of free agency, no player had to give up their own free agency in order for someone else to get it, and no one could be excluded from free agency.
 
  These two characteristics of free agency demonstrate that it meets the criteria of a A) pure public good.
  B) club good.
  C) common pool resource.
  D) pure private good.



vickyvicksss

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

For a complete list of videos, visit our video library