Jane decides to spend four hours working overtime rather than going to a family gathering. She earns $12.50 per hour for overtime work. Her opportunity cost of working is
a. the $50 she earns working.
b. the $50 minus the enjoyment she would have received from going to the family gathering.
c. the enjoyment she would have received had she gone to the family gathering
d. nothing, since she wanted to work more than she wanted to attend the family gathering
c
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It is sometime useful to view each step in the supply chain as a(n)
A) single market. B) integrated process. C) horizontal process. D) vertical process.
An example of splitting up the value chain would be the shipment of
a. refrigerators. b. cellular Phones. c. automotive dashboards. d. automobiles.
The financial system is important because it helps to match one person's _____ with another person's _____
Fill in the blank(s) with correct word
Industries that are extremely sensitive to the business cycle are the
A) durable goods and service sectors. B) nondurable goods and service sectors. C) capital goods and nondurable goods sectors. D) capital goods and durable goods sectors.