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Author Question: Steven lives in a big city where there is a shortage of parking. He has a parking spot in his ... (Read 83 times)

Alygatorr01285

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on: Jun 30, 2018
Steven lives in a big city where there is a shortage of parking. He has a parking spot in his driveway where he parks his car. Which of the following statements is most correct?
 
  A) The opportunity cost of using the spot is zero, because Steven owns the house.
  B) Steven has a lower opportunity cost of owning a car than his neighbor, who must rent a parking spot.
  C) The opportunity cost of using the parking spot is the price he could charge someone else for using the spot.
  D) The opportunity cost depends on how much Steven's mortgage payment is.

Question 2

The population of Potentia doubled within 20 years while its income per capita remained unchanged during the same period of time. This implies that ________.
 
  A) its price level doubled B) its gross domestic product also doubled
  C) its price level halved D) its gross domestic product remained constant
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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Eunice618

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Alygatorr01285

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Jossy

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

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