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Author Question: Suppose that you purchased a ticket to a jazz festival for $100 from an online ticket broker. Once ... (Read 67 times)

lunatika

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Question 1

Which of the following is 
not one of the three fundamental concepts of economics?


◦ profit maximization
◦ marginalism
◦ opportunity cost
◦ the working of efficient markets

Question 2

Suppose that you purchased a ticket to a jazz festival for $100 from an online ticket broker. Once you arrived at the festival, you discovered that parking costs you an additional $15. In this situation, the additional $15 you pay for parking is an example of


◦ an economic loss.
◦ opportunity cost.
◦ marginal cost.
◦ an inefficient cost.


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Marked as best answer by lunatika on Apr 19, 2019

annierak

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