You paid $145 for an iPod Nano. The cash you sacrificed is a(n)
A) explicit cost.
B) implicit cost.
C) deferred cost.
D) accrued cost.
A
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Explain the differences between asymmetric information, adverse selection, and moral hazard
What will be an ideal response?
In the long run the relevant cost is total cost
Indicate whether the statement is true or false
During a recession you would expect the difference between the commercial paper rate and the yield on U.S. T-bills of the same maturity to:
A. be the same since their maturities are the same. B. fluctuate rarely. C. increase reflecting the possibility of higher default risk for commercial paper. D. decrease.
Recall the Application about the opportunity cost of an entrepreneur to answer the following question(s).Recall the Application. Which of the following would be included as an opportunity cost of renting your house through Airbnb?
A. opportunity cost of time sending emails B. opportunity cost of cleaning the house C. fees to Airbnb D. All of these are part of the costs.