Author Question: A consumer purchases a book by driving across town to a bookstore, standing in line for five minutes ... (Read 191 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
A consumer purchases a book by driving across town to a bookstore, standing in line for five minutes to pay the cashier, and then pays 5.
 
  The same book is purchased by another consumer who spends 2 minutes placing the order over the internet for 10. The book necessarily cost the first consumer less. Indicate whether the statement is true or false

Question 2

Which of the following statements is an example of agenda control?
 
  a. A governor vetoes a concealed carry law.
  b. A state legislature puts on the ballot a 500 million high-tech infrastructure initiative.
  c. A state education department implants a federal education law.
   d. A private citizen sues to prevent her home being taken through eminent domain.



aham8f

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

False. The opportunity cost of driving across town and standing in line may have raised the total cost of the book to the first consumer to more than 10.

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

For a complete list of videos, visit our video library