The benefit of an activity is
A) the gain or pleasure that it brings.
B) not measurable on the margin.
C) purely objective and measured in dollars.
D) the value of its opportunity cost.
E) measured by what must be given up to get one more unit of the activity.
A
Economics
You might also like to view...
Refer to Figure 11-13. The lines shown in the diagram are isocost lines. If the price of labor is $50 per unit, what is the price of capital along the isocost CE?
A) $400 per unit B) $100 per unit C) $25 per unit D) insufficient information to answer question
Economics
Last year Sam's Hamburger Shop paid all its expenses, including wages, salaries, rent, and all inputs. The $18,000 remaining last year was
a. interest b. NNP c. proprietor's income d. GDP e. NDP
Economics