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msouthern msouthern
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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:
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sadeensadeen
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5 years ago
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msouthern Author
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#2
5 years ago
I appreciate what you did here, answered it correctly Smiling Face with Open Mouth
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