Business, 05.08.2019 16:10 kaelah6846
Which of the following activities describes the opportunity cost of attending an economics class?
a. the value of the time it takes to get to campus every day
b. the cost of the gasoline needed to drive a car to campus
c. the value of the highest valued alternative that must be forgone because of attending the class
d. transportation costs plus the cost of tuition and textbooks for the course
Answers: 2
Business, 22.06.2019 12:50
Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise
Answers: 3
Business, 22.06.2019 19:50
Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?
Answers: 2
Business, 23.06.2019 08:00
Why do you think the federal government commits so much time and so many resources to supporting small businesses when they make less of a contribution to the overall economy than large corporations?
Answers: 1
Business, 23.06.2019 12:50
Can you see any pitfalls or disadvantages to using feedly to organize your online content sources?
Answers: 1
Which of the following activities describes the opportunity cost of attending an economics class? <...
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