In order to get his bachelor's degree, Timothy gave up an offer for a full time job as a bartender. Therefore, Timothy incurred an opportunity cost
Indicate whether the statement is true or false
TRUE
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If a market system is functioning well, we can conclude that goods with
A. high opportunity costs tend to have high money costs. B. low opportunity costs tend to have high money costs. C. high opportunity costs tend to have low money costs. D. low opportunity costs tend to have zero money costs. E. high opportunity costs tend to have zero money costs.
The _____________________: the ratio of a property's annual net income to its value, is a fundamental pricing metric in commercial real estate markets.
Fill in the blank(s) with the appropriate word(s).
If a manager adopted both project A and project B simultaneously, the variance in returns associated with this joint project would be:ProjectBoom (25%)Recession (75%)A$30-$15B-$15$20
A. 500. B. 18.75. C. 30. D. 75.
When quantity demanded equals quantity supplied,
A. there must be no government intervention in the market. B. the market is in equilibrium. C. the demand curve must be the same as the supply curve. D. all of the above