If Joey goes surfing for four hours instead of earning $10 per hour for those four hours, his opportunity cost is
A) the good time spent surfing.
B) the cost of gasoline used to get to the beach.
C) the travel time to the beach.
D) $40.
D
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A) cancer B) diabetes C) strokes D) heart attacks
Which round of GATT first addressed subsidies?
What will be an ideal response?
Since World War II, there have been ________ but ________ in the U.S. economy
a. no recessions; five depressions b. three depressions; no recessions c. recessions; no depressions d. depressions; no recessions
Explain the difference between cardinal and ordinal utility. Which is better to use when modeling consumer behavior and why?
Please provide the best answer for the statement.