If Jacqueline is willing to accept 1 for a cupcake and Jameson is ...

[rosent76]

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.

[scikid]

Answer to Question 1

C

Answer to Question 2

A

[rosent76]

YES! Correct, THANKS for helping me on my review

[billybob123]

Wow, this really help