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Author Question: As student reasons that If I didn't go to class tonight, I would spend three hours at work where I ... (Read 71 times)

gonzo233

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on: Jun 30, 2018
As student reasons that If I didn't go to class tonight, I would spend three hours at work where I earn 10 per hour. In addition, my annual parking permit costs the equivalent of 2 per day.. The opportunity cost to that student of attending that class this evening is:
 a. 0.
 b. 2.
 c. 30.
  d. 32.

Question 2

Which category of consumption spending tends to be the most stable over the business cycle?
 a. Nondurable consumer goods.
 b. Durable consumer goods.
 c. Services.
 d. all of these categories of consumer spending are highly unstable over the business cycle.


Bsand8

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


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