You like to sleep until 9:00 am during the semester. What is the opportunity cost of attending an 8:00 am class?
A. sleep
B. obtaining the notes from the 8:00 am class
C. the credit hours earned from the 8:00 am class
D. nothing, since you can go back to bed later
Answer: A
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According to the following graph, at point A,
The price of Y is $50.
A. the consumer can exchange two units of X for one unit of Y and keep income unchanged. B. the consumer can exchange two units of X for one unit of Y and keep utility unchanged. C. the consumer receives twice as much marginal utility from X as from Y. D. both a and b E. all of the above
The unemployment rate in the United States:
A. can be zero in both expansions and recessions. B. equals zero during booms. C. falls to zero during expansions. D. never falls to zero.
Quantity of Frozen Latte-On-A-Stick SuppliedPriceFlo's SupplyRita's Supply10020334649951512
Refer to Table 3.1, which shows Flo's and Rita's individual supply schedules for frozen latte-on-a-stick. Assuming Flo and Rita are the only suppliers in the market, what is the market quantity supplied at a price of $2?
A. 0 B. 2 C. 3 D. 5
Payments made to shareholders of a corporation are called
A. retained earnings. B. common stock. C. corporate bonds. D. dividends.