Suppose you have recently graduated and have been offered a salary position at a reputable accounting firm of $125,000 (including all benefits) per year. After much consideration, you turn down the offer to start your own accounting firm. You pay yourself $75,000 (including all benefits) a year. Which of the following represents the opportunity cost of your time?
A) $75,000 B) $50,000 C) $100,000 D) $125,000
D) $125,000
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Using Excel, Best Paints estimates the log-linear weekly demand function for their gallon sized paints to be ln Qd = 15.53 - (3.85 × ln P). Which of the following statements is true
A) The price elasticity changes along the demand curve. B) The price elasticity is inelastic. C) At higher prices, the price elasticity will be larger than at lower prices. D) The price elasticity is elastic.
As the example of the Toraja of Indonesia demonstrates, in many indigenous cultures, art has now become:
a. A luxury. b. A leveler of class differences. c. A commodity. d. Separated from cultural identity. e. Widespread among the people within the society.
Which of the following interacts directly with the environment?
A. genotypes B. alleles C. phenotypes D. DNA
The Trobriand Islander kinship system is based on which type of descent pattern?
a. matrilineal b. patrilineal c. bilateral d. parallel