This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The opportunity cost of an activity is best measured a. only by the monetary costs b. by the ... (Read 74 times)

K@

  • Hero Member
  • *****
  • Posts: 608
on: Jul 1, 2018
The opportunity cost of an activity is best measured
 a. only by the monetary costs
  b. by the number of alternative activities that were forgone
  c. by the cost difference between the chosen activity and the next best alternative
  d. by the value expected from the best alternative that is forgone
  e. as the time wasted choosing among various activities

Question 2

The opportunity cost of a particular activity
 a. must be the same for everyone
  b. is the value of all alternative activities that are forgone
  c. has a maximum value equal to the minimum wage
  d. varies from person to person
  e. can usually be known with certainty


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Koolkid240

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


K@

  • Member
  • Posts: 608
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Energy costs of locomotion. Energy costs of locomotion.
Activity versus specific activity Activity versus specific activity
Activity of a Hippocampal Place Cell Activity of a Hippocampal Place Cell
Summary of Cytokine Activity Summary of Cytokine Activity
Summary of Cytokine Activity Summary of Cytokine Activity
Control of glycogen synthase activity Control of glycogen synthase activity
Video: Protein catabolism (Krebs cycle) and Protein anabolism (protein synthesis)

For a complete list of videos, visit our video library