The difference between the cost to produce a commodity and its price in the marketplace is ________
A) profit
B) opportunity cost
C) economic value
D) discount rate
E) economy of scale
A
You might also like to view...
Dew PointFor the following questions refer to the temperature and dew point data in the following cities: CityAir Temperature (ºC)Dew Point (ºC)City A3524City B-12-12City C-1-6City D106Consider the situation where the air temperature in a room is 21ºC, the saturation vapour pressure is 25 hPa, the dew point temperature is 7ºC, and the actual vapour pressure is 10 hPa. Which of the following is the relative humidity?
A. near 40% B. near 35% C. near 20% D. near 15%
Which of the following is a source of groundwater contamination?
A. ponds on the surface that store liquid waste. B. the use of fertilizer and pesticides. C. septic tanks. D. All of these are correct.
The enforcement of the international convention for the prevention of pollution from ships (the origin of the U.S. Marine Plastic Pollution and Control Act of 1987) in international waters is implemented by ________.
A. the European Union B. the United States C. the G-8 D. the United Nations E. nobody
If you were writing a textbook on world regional geography, what regions would you create? Compare yours to the textbook's map of regions
What will be an ideal response?