« previous next »

Author Question: What is a seller's opportunity cost?[br][br][b][color=green]Question 2[/color][/b][br][br]Economies ... (Read 96 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?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Ishihara color plate for testing color blindness. Ishihara color plate for testing color blindness.
The human hypothalamus (in color) in relation to the optic chiasm and the pituitary gland. The human hypothalamus (in color) in relation to the optic chiasm and the pituitary gland.
economic question economic question
economic question economic question
economic question (having trouble) economic question (having trouble)
CHEM QUESTION CHEM QUESTION
Video: Neuron structure and function - sensory neurons, association neurons & motor neurons

For a complete list of videos, visit our video library