jay has the following options; each costs$100.
Value to jay
1. A DVD $150
2. a T-shirt $120
3. A dinner $100
Questions:
1.What is the cost of choosing a dinner?
2.What is the cost of choosing a t-short?
3.If jay is rational , which of the above options will he choose?
f. 4 econ please answer
2011-08-30 1:42 am
回答 (2)
2011-08-30 3:10 am
✔ 最佳答案
opportunity cost is the highest option foregone.1.What is the cost of choosing a dinner?
$150 (DVD is the highest option foregone)
2.What is the cost of choosing a t-short?
$150 (DVD is the highest option foregone)
3.If jay is rational , which of the above options will he choose?
DVD ($120 is the highest option foregone, i.e. T-shirt)
2011-08-30 3:31 am
Cost is definded as the highest valued option forgone.
As the above is in numerical order, it is the 1st,2nd and 3rd option.
1>2>3
1.Cost of dinner: $100
because u have to pay $100 for the dinner
2.It is $100
because you have to pay for the t shirt(100)
3.A,DVD
since 150-100=50
u gain 50 for buying DVD
As the above is in numerical order, it is the 1st,2nd and 3rd option.
1>2>3
1.Cost of dinner: $100
because u have to pay $100 for the dinner
2.It is $100
because you have to pay for the t shirt(100)
3.A,DVD
since 150-100=50
u gain 50 for buying DVD
收錄日期: 2021-04-13 18:12:26
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