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 66 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
:D TYSM

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Supermassive Black Holes as Engines for Galactic Activity Supermassive Black Holes as Engines for Galactic Activity
Monitoring Volcanic Activity Monitoring Volcanic Activity
Functional MRI Scans These scans of human brains show localized average increases in neural activity Functional MRI Scans These scans of human brains show localized average increases in neural activity
EEG and Single-Cell Activity EEG and Single-Cell Activity
Cost Accounting 14 Cost Accounting 14
Classical-Conditioning Activity Classical-Conditioning Activity
Video: Summary of glucose catabolism

For a complete list of videos, visit our video library