« previous next »

Author Question: What is a seller's opportunity cost?[br][br][b][color=green]Question 2[/color][/b][br][br]Economies ... (Read 79 times)

dakota nelson

  • Hero Member
  • *****
  • Posts: 604
on: Jun 30, 2018
What is a seller's opportunity cost?

Question 2

Economies and diseconomies of scale are the reasons why short-run average total cost decreases and then increases.
 a. True
  b. False
  Indicate whether the statement is true or false


randomguy133

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 30, 2018
Answer to Question 1

A seller's opportunity cost is the dollar value of the best alternative he forgoes when he parts with the object. It is the lowest dollar value that the seller will accept for parting with his good.

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Additive Color Mixing and Paint Mixing Additive Color Mixing and Paint Mixing
How to calculate regular payments or deposits using the annuity formula (Question 2) How to calculate regular payments or deposits using the annuity formula (Question 2)
The Phytochemical Color Guide The Phytochemical Color Guide
Economics question Economics question
question..... question.....
Question Question
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library