Author Question: The point elasticity is a measure of the sensitivity of consumers to a large price change - a range ... (Read 86 times)

luvbio · **on:** Jun 30, 2018

The point elasticity is a measure of the sensitivity of consumers to a large price change - a range from one price to another.
a. True
b. False
Indicate whether the statement is true or false

Question 2

An important and often ignored opportunity cost is the:
a. cost of accounting services.
b. cost of missed market opportunities when funds are invested in a firm.
c. cost of interest paid to bondholders by the firm.
d. cost of utilities used by the firm.