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

Author Question: Which of the following best completes the definition of opportunity cost? The opportunity cost of ... (Read 89 times)

blkth103

  • Full Member
  • ***
  • Posts: 156
on: Oct 12, 2022

Question 1

Society's resources are often divided into broad categories. They are
◦ population and natural resources.
◦ tangible commodities and intangible commodities.
◦ goods and services.
◦ land, labour, and capital.
◦ factors of consumption.

Question 2

Which of the following best completes the definition of opportunity cost? The opportunity cost of choosing any one alternative is the
◦ value of the next best alternative that is given up.
◦ market cost of the next best alternative.
◦ value of all other alternatives combined.
◦ value of resources used to make that alternative available to the market.
◦ revenues that would be given up if that alternative is not chosen.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by blkth103 on Oct 12, 2022

KAyteeBee1129

  • Full Member
  • ***
  • Posts: 165
Reply #1 on: Oct 12, 2022
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 39% of students answer this correctly


blkth103

  • Member
  • Posts: 156
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

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?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

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?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

First-Pass Effect: Oral Drug Is Metabolized to an Inactive Form Before It Has an Opportunity to ... First-Pass Effect: Oral Drug Is Metabolized to an Inactive Form Before It Has an Opportunity to ...
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Very nice definition of time Very nice definition of time
What is the definition of reticulate speciation? What is the definition of reticulate speciation?
question in cost accounting question in cost accounting
Video: Fractures Animation

For a complete list of videos, visit our video library