Using money as a store of value rather than wheat is:
a. safer
b. less expensive.
c. both safer and less expensive.
d. neither safer nor less expensive.
c
Economics
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Suppose that your tuition to attend college is $24,000 per year and you spend $8,000 per year on room and board. If you were working full time, you could earn $30,000 per year. What is your opportunity cost of attending college for one year?
A) $32,000 B) $38,000 C) $54,000 D) $62,000
Economics
Economies and diseconomies of scale explain:
A. the profit-maximizing level of production. B. why the firm's long-run average total cost curve is U-shaped. C. why the firm's short-run marginal cost curve cuts the short-run average variable cost curve at its minimum point. D. the distinction between fixed and variable costs.
Economics