Joanne rents out her apartment in Seattle to Alice as she is moving to Dallas for the next three years. Which of the following statements must be true?
a. Alice's valuation of the apartment is higher than Joanne's opportunity cost of renting it.
b. Joanne's valuation of the apartment is higher than Alice's.
c. This transaction creates no economic value for Alice.
d. Alice's valuation of the apartment is lower than Joanne's opportunity cost of renting it.
Question 2
Assume that for 20 bicycles, the total fixed cost is 100 and the total variable cost is 300 . Then the average fixed cost and the average variable cost are:
a. 5 and 10 respectively.
b. 5 and 15 respectively.
c. 10 and 15 respectively.
d. 15 and 10 respectively.
e. 10 and 5 respectively.
An octopus moving between tide pools during low tide
In American Progress (1872), John Gast depicts a feminized (and eroticized) America moving westward,
Doppler Effect, Observer Moving
Apply light circular friction over the wrist using your thumbs. Observe the skin moving over the ...
Open palmar friction moving back and forth over the lumbar and thoracic regions.