The opportunity cost of a particular economic activity
a. is the same for each individual considering the activity
b. can differ among different individuals considering the activity
c. excludes the monetary cost of the activity
d. equals the money cost of the activity minus its time cost
e. has the same time cost for each individual considering the activity
B
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The distinguishing feature of a well-functioning financial market is the
A) continual increase in the liquidity of most assets. B) continual reduction in the riskiness of most assets. C) increased ease of converting common stocks into bonds. D) incorporation of available information into asset prices.
Forcing members of a group into certain kinds of occupations is known as statistical discrimination
a. True b. False Indicate whether the statement is true or false
According to the above table, if the marginal revenue product is $48, how many workers will the profit maximizing monopsonist hire?
A. 5 B. 6 C. 7 D. 8
Game theory was developed in the 1940s by John von Neuman, a mathematician, and an economist named
A) John Nash. B) Oskar Morgenstern. C) Milton Friedman. D) John Maynard Keynes.