Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
msouthern msouthern
wrote...
Go to Answer
Posts: 481
Rep: 7 0
5 years ago

Question 1.

Suppose that you sign up for a one-day cooking class at the local culinary school for $75. Once you arrive at the class, you discover that you must purchase an apron for an additional $5. In this situation, the additional $5 you pay for the apron is an example of



▸ an inefficient cost.

▸ marginal cost.

▸ opportunity cost.

▸ an economic loss.

Question 2.

You have narrowed down your Friday night plans to either going bowling or playing billiards. If you choose to go bowling, then for you playing billiards is the ________ of going bowling.



▸ opportunity cost

▸ marginal cost

▸ empirical cost

▸ variable cost
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 60 times
2 Replies
Replies
Answer verified by a subject expert
sadeensadeen
wrote...
#1
Posts: 409
Rep: 53 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

msouthern Author
wrote...
#2
5 years ago
I appreciate what you did here, answered it correctly Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1280 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 270
  
 303
  
 238