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

Author Question: The opportunity cost of an economic decision is: a. the best alternative that was sacrificed. b. ... (Read 193 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
The opportunity cost of an economic decision is:
 a. the best alternative that was sacrificed.
  b. the amount of money needed to implement the decision.
  c. any land, labor, and capital that are wasted.
  d. all options that were lost due to scarcity.

Question 2

Which of the following does not illustrate opportunity cost?
 a. If I study, I must give up going to the football game.
  b. If I buy a computer, I must do without a 35 television.
  c. If I spend more on clothes, I must spend less on food.
  d. All of these illustrate opportunity cost.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

thall411

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

a

Answer to Question 2

d




SGallaher96

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

For a complete list of videos, visit our video library