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Author Question: If Jacqueline is willing to accept 1 for a cupcake and Jameson is willing to pay 3 for a cupcake, ... (Read 29 times)

rosent76

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on: Jun 29, 2018
If Jacqueline is willing to accept 1 for a cupcake and Jameson is willing to pay 3 for a cupcake, the cooperative surplus will ________ if the negotiated price is 1.50 as opposed to 2.00.
 
  A) increase
  B) decrease
  C) not change
  D) All of the above are possibilities.

Question 2

Explicit costs are
 
  A) costs that are measured in dollars.
  B) costs that do not involve an exchange of money.
  C) the same as opportunity costs.
  D) the same as implicit costs.


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scikid

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

C

Answer to Question 2

A


rosent76

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

patma1981

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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