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

Author Question: The reason that opportunity costs arise is that (Read 89 times)

karen

  • Hero Member
  • *****
  • Posts: 537
on: Apr 19, 2019

Question 1

Opportunity cost is


◦ that which we forgo, or give up, when we make a choice or a decision.
◦ a cost that cannot be avoided, regardless of what is done in the future.
◦ the additional cost of producing an additional unit of output.
◦ the additional cost of buying an additional unit of a product.

Question 2

The reason that opportunity costs arise is that


◦ an economy relies on money to facilitate exchange of goods and services.
◦ resources are scarce.
◦ there are no alternative decisions that could be made.
◦ people have limited wants.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by karen on Apr 19, 2019

Toya9913

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


karen

  • Hero Member
  • *****
  • Posts: 537
Reply #2 on: Apr 19, 2019
Thank you!


Toya9913

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

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.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Energy costs of locomotion. Energy costs of locomotion.
Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
Too Much Alcohol Costs You Good Nutrition Too Much Alcohol Costs You Good Nutrition
Ian Van Dahl - Reason Ian Van Dahl - Reason
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Dagny Taggart is a graduating college senior and she is considering the costs of going to ... Dagny Taggart is a graduating college senior and she is considering the costs of going to ...
Video: Glucose Evaluation Procedure

For a complete list of videos, visit our video library