You work as an assistant coach on the university swim team and earn $14 per hour. One day, you decide to skip the hour-long practice and go to the movie theater instead, which has an admission fee of $9. The total cost (valued in dollars) of skipping practice and going to the movies (including the opportunity cost of time) is
A.$6
B.$9
C.$15
D.$24
$24 (the total cost=15$+9$=24$ because he losses a hour in work i,e..15$ and additionally spending 9$ in carnival.so,option D)
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Your text suggests the Fed
A) is a slave to Congress. B) is totally free from political pressure. C) probably cannot pursue monetary policies that completely contradict the federal government's fiscal policies. D) is a hoax and a shame that ought to be abolished.
Marginal cost is
A) all the costs of the fixed inputs. B) all the costs of production of goods. C) all the costs that vary with output. D) the change in the total cost resulting from a one-unit change in output.
_____ is the ratio of an economy's output to its stock of labor and capital
a. Productive capacity b. Multifactor productivity c. Marginal product of labor d. Workforce productivity e. Total factor productivity
In economics, the term technology refers to different ways of combining resources to produce output. In this sense, technological advances make possible the production of more output from a given amount of resources
a. True b. False Indicate whether the statement is true or false