This topic contains a solution. Click here to go to the answer

Author Question: You withdraw some of your savings to invest in a new business venture. Which of the following ... (Read 69 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
You withdraw some of your savings to invest in a new business venture. Which of the following statements is true?
 a. The return you will earn from this new investment is your opportunity cost.
  b. The interest rate you would have earned in the bank is higher than the return from this investment.
  c. The return you expect to earn from this new investment must exceed your opportunity cost.
  d. The return you expect to earn from this new investment must equal your opportunity cost.

Question 2

Many agricultural products, such as wheat, are produced by thousands of different producers that grow essentially the same product. The market structure that best describes such a model is:
 a. perfect competition.
  b. monopoly.
  c. monopolistic competition.
  d. oligopoly.
  e. monopsony.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

swimkari

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

C

Answer to Question 2

a




tuffie

  • Member
  • Posts: 534
Reply 2 on: Jun 30, 2018
Wow, this really help


scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

For a complete list of videos, visit our video library