Betty goes out to enjoy a bouffe with her friend instead of practicing calculus problems for her maths examination that is due the following day. This implies that the opportunity cost of the bouffe to Betty is zero
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Reasons for holding Eurodollars include
A) the fact that Eurodollar deposits are insured by the FDIC. B) the fact that dollars are widely used to conduct international transactions. C) the fact that minimum transaction sizes are very low, making Eurodollars an attractive savings instrument for consumers. D) the fact that Eurodollar deposits are heavily regulated.
Fred's Widget Company has purchased $500,000 in equipment, which can be sold for a salvage value of $300,000 at any time. The best interest rate on alternative investments is 5%
What is the cost of using this machinery for one year? How would your answer be different if the machinery had not yet been purchased?
Most markets, if left alone, will tend toward
A. elasticity. B. market price. C. zero price. D. equilibrium price.
If you are anticipating having to pay $100,000 to a lender 10 years from now and the interest rate rises, the present value of this sum
A. falls. B. rises. C. first rises, then falls. D. remains unchanged.