Which of the following is an implicit cost of going to college?
a. tuition and fees
b. books, computer equipment
c. income lost from not being able to work full time
d. future income
e. room and board
C
Economics
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If the price of a good in a closed economy is lower than the world price, then with an open economy this country will be a ________ of that good.
A. net exporter B. net importer C. price taker D. price setter
Economics
When a firm sells a given product at more than one price and the price difference is NOT caused by differences in cost then there is
A. price delineation. B. price discrimination. C. price demarcation. D. price differentiation.
Economics