« previous next »

Author Question: The opportunity cost of a purchase is: a. the selling price of the good or service. b. zero if the ... (Read 112 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
on: Jun 30, 2018
The opportunity cost of a purchase is:
 a. the selling price of the good or service.
  b. zero if the good or service satisfies a need.
  c. greater for persons who are rich.
  d. the good or service given up for the good or service purchased.

Question 2

Opportunity cost is the:
 a. cost incurred when one fails to take advantage of an opportunity.
  b. price paid for goods and services.
  c. cost of the best option forgone as a result of choosing an alternative option.
  d. undesirable aspects of an option.


Zebsrer

  • Sr. Member
  • ****
  • Posts: 284
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
A good Mnemonic to know Mg K Ca Na A good Mnemonic to know Mg K Ca Na
Potatoes are a good source of complex carbohydrates Potatoes are a good source of complex carbohydrates
Infant formula is available in several forms and varies in cost and ingredients Infant formula is available in several forms and varies in cost and ingredients
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Kinetic parameters & Kinetic experiment

For a complete list of videos, visit our video library